British banks backing coal

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Our friends at BankTrack have recently published three briefings on British banks’ funding of the coal industry.

It describes Royal Bank of Scotland as ‘the new “green bank” that still can’t shake off coal sector financing’.

Its report on HSBC outlines numerous impacts of the bank’s coal financing. HSBC is suspected of financing US coal company Drummond, whose human rights impacts in Colombia have been the source of controversy for years.

BankTrack calls on both banks to pull out of coal.

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