Net Zero has hit the Bank of England, and they cut all support for coal. But the rest of the world increases use of coal and low-cost energy.
The Bank of England is moving further away from thermal coal. From October 2026, it will no longer accept bonds issued by companies deriving revenue from thermal coal mining as eligible collateral in its lending operations. Commercial banks borrowing from the Bank (including major UK institutions) will not be able to post those bonds. The […]
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