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11 Jan
21:27

Campaigners laud ING ending blast furnace financing

ING has become the first major bank globally to stop providing dedicated finance for new unabated steel blast furnaces and for the extension of existing unabated blast furnaces because of climate impact, according to climate campaigners and NGOs BankTrack and Reclaim Finance. The Dutch bank has also announced it will no longer finance new coking coal mines or the expansion of existing coking coal mines, while acknowledging the steel industry “cannot do witho…
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