Bank of England to stop accepting bonds linked to coal for key loans
Bank of England to stop accepting bonds linked to coal for key loans
www.theguardian.com
Bank of England to stop accepting bonds linked to coal for key loans
Campaigners hope move will will force commercial banks to rethink holding assets linked to the fossil fuel
The Bank’s new policy suggests that bonds linked to thermal coal are now too risky to sit on its balance sheet, as an international shift away from dirty fossil fuels towards greener energy could end up wiping out their value.