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Banks urged to blacklist Czech coal guzzler EPH

2016-07-06 16:50:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: NGOs tell Citibank, HSBC and JP Morgan they are undermining climate policy by financing fossil fuel spree Green groups are calling on major banks to stop financing a dash for coal by Czech firm EPH. BankTrack, E3G, urgewald and Sandbag wrote to nine institutions that have helped raise EUR3 billion since 2012 for an acquisition spree across Europe. This bet on a future for polluting assets undermines EU climate policy, they told funders including Citibank, HSBC and JP Morgan. "EPHs business...

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