Cut coal loose, climate advocates tell banks
Add BT as a preferred source
Singapore
BANKS in South-east Asia must demonstrate stronger resolve to cut financing to high-carbon sectors as they play a critical role in supporting the region's emerging markets through the climate crisis.
And while there is a common argument among financial institutions (FIs) and corporations that fossil fuels, such as coal, are still needed for the transition in developing economies, climate advocates and finance industry observers say not cutting the dirty grids loose can send the wrong message.
TRENDING NOW
High Court rejects bid to bring ST Engineering unit into trademark infringement suit over RSAF aircraft parts
5 takeaways from Singapore banks’ Q2 results – diverging outlooks, China tax rules emerge as new watchpoint
Ex-Sakae director Ong Siew Kwee handed 10.5-year jail term for misappropriating S$15.8 million, lying in court
Tan Kim Choo, wife of Ng Teng Fong, dies at 100
