Developer appoints lawyers to challenge Council's surprise decision to revisit planning permission for controversial project following letter from Committee on Climate Change
In late December 2020, China’s Inner Mongolia began issuing a series of policies to restrict its metallurgical sector in an attempt to control its energy consumption. Affected industries include coal, aluminium, ferro-alloys and semi-coke among others.
Senior officials from Europe have urged the World Bank's management to expand its climate change strategy to exclude investments in oil- and coal-related projects around the world, and gradually phase out investment in natural gas projects, according to three sources familiar.
China's coal output will stand at no higher than 4.1 billion tpy by the end of the 14th 5-year plan period (2021-2025) said a report issued by the China National Coal Association.
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LONDON (Reuters) - HSBC and Barclays, which have pledged to stop financing new coal projects, have been challenged by a legal group over a Japanese bond it says will contribute to the financing of coal-fired power in Vietnam.
FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo
Both banks have come under pressure from investors keen to see them do more to help the world shift to a low-carbon economy and HSBC faces a shareholder vote over its fossil fuel financing at its annual meeting in April.