Deutsche Bank to stop financing coal projects
Frankfurt Am Main (AFP) Jan 31, 2017 -
German banking giant Deutsche Bank on Tuesday announced it would stop financing coal projects as part of its commitments under the Paris Agreement to tackle global warming.
"Deutsche Bank and its subsidiaries will not grant new financing for greenfield thermal coal mining and new coal-fired power plant construction," it said in a statement.
Existing exposure to such projects will be grad ...
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