South Africa’s fourth largest investment bank has said it “may not” finance mining companies and energy producers which emit large amounts of global greenhouse gases. Among Nedbank’s clients is Kumba Iron Ore – by far the country’s largest iron ore miner, itself majority-owned by the UK’s Anglo American corporation. The iron and steel industry is among the world’s three biggest industrial contributors to adverse climate change.
See http://www.minesandcommunities.org/article.php?a=9490.