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Asian banks are failing on local weather by channeling billions to coal trade, report says By amit / February 26, 2021 Globally, 380 commercial banks lent the coal industry $315 billion over the past two years, according to the report, which was compiled by more than two dozen non-governmental organizations, including Urgewald, Reclaim Finance, Rainforest Action Network and 350.org Japan. The groups say their research is the first to analyze the financiers and investors supporting the entire coal industry. Mitsubishi told CNN Business that as of May 2019, it said it would no longer provide financing for new coal-fired power...
