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Coal investments are increasingly risky say Bank of America

2015-05-07 16:43:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Coal mining companies pose an increasingly risky investment, according to the Bank of America, which has said it will continue to reduce its financing of the sector. The dynamics around coal are shifting, said the banks new coal policy published on Wednesday, which cited pollution regulations, changes in economic conditions, increased competition from shale gas and renewable power. Analysts from the thinktank Carbon Tracker warned recently that the coal sector in the US had entered a structural...

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