24
Nov
01:15
BNP Paribas stops financing for metallurgical coal mining
European lender BNP Paribas says it will no longer provide financing to projects dedicated to the extraction of metallurgical coal, Kallanish notes.
The bank says in its updated sector policy on the mining industry that this new commitment is part of the bank's efforts to align its credit portfolio in the steel sector with its “net zero” commitment.
In 2022 and 2023, BNP Paribas set targets to reduce the intensity of carbon emissi…
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Anonymous
Very good overview of the weekly steel market.
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