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Deutsche Bank to Stop Financing Coal

posted by Fnord666 on Saturday February 04 2017, @12:42AM   Printer-friendly
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.

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  • (Score: 0) by Anonymous Coward on Saturday February 04 2017, @06:44AM

    by Anonymous Coward on Saturday February 04 2017, @06:44AM (#462783)

    except for the muzzies
    yeah still me

  • (Score: 2) by Azuma Hazuki on Saturday February 04 2017, @04:11PM

    by Azuma Hazuki (5086) on Saturday February 04 2017, @04:11PM (#462858) Journal

    I'm flattered by the attention, but very much taken. I'm also not into butt stuff, so why don't you find someone else's ass to be up?

    --
    I am "that girl" your mother warned you about...

    • (Score: 0) by Anonymous Coward on Saturday February 04 2017, @11:42PM

      by Anonymous Coward on Saturday February 04 2017, @11:42PM (#462970)

      Lol. You are the one who keeps following me around and jumping on my criticisms with "me too!"
      Except you are the hypocrite because your "me toos" about their hate only go so far, you make an excuse when their hate lines up with your hate.

      • (Score: 2) by Azuma Hazuki on Sunday February 05 2017, @12:37AM

        by Azuma Hazuki (5086) on Sunday February 05 2017, @12:37AM (#462976) Journal

        What the hell are you even talking about? Go haunt someone else, Mr. Coward.

        --
        I am "that girl" your mother warned you about...