SoylentNews

Deutsche Bank to Stop Financing Coal

posted by Fnord666 on Saturday February 04 2017, @12:42AM   
from the rolling-coal dept.

Phoenix666 writes:

Remember when Bank of America promised to stop financing coal mining? They weren't the only ones getting cold feet about this formerly dominant energy source. Now The Guardian is reporting that Deutsche Bank is committing to end financing of new coal mining and new coal-fired power plant construction.

This pledge is being made, says the bank, to back up its commitment to supporting the Paris Climate Deal. But it is also, most likely, a very prudent investment decision. With India phasing out new coal plant construction years earlier than recommended, China reducing its pipeline too, and huge utilities and whole countries alike saying they are pretty much done with coal, it's getting increasingly hard to see where the future for this industry lies.

It seems the age of fossil fuels may be drawing to a close.

---

Original Submission

• The Solution Is Simple The Solution Is Simple (Score: 2) by MichaelDavidCrawford on Saturday February 04 2017, @03:05AM

  by MichaelDavidCrawford (2339) <mdcrawford@gmail.com> on Saturday February 04 2017, @03:05AM (#462718) Homepage Journal

  President Trump will work with Congress to establish coal subsidies. Gotta save those jobs after all!

  --
  Yes I Have No Bananas. [gofundme.com]

  Starting Score:	1		point
  Karma-Bonus Modifier		+1
  Total Score:		2

• Re:The Solution Is Simple (Score: 0) by Anonymous Coward on Saturday February 04 2017, @04:23AM

  by Anonymous Coward on Saturday February 04 2017, @04:23AM (#462746)

  we have a ... crazy person (MDC), that regularly posts more coherent and interesting things than do these racist trolls

  This's t'show that crazy doesn't mean stupid and brainwashed neither.

  Parent