Two planned coal-fired power plants, one in Indonesia and the other in Bangladesh, have had their funding withdrawn by the Japanese government, as part of Tokyo’s decision to no longer bankroll coal projects in either country.
Global investment in the energy transition hit a new record off the back of rising climate ambition and policy action from countries around the world, according to Energy Transition Investment Trends 2022, a new report by BloombergNEF.
AXIS Capital announced new measures restricting insurance and investments in coal, tar sands oil, and Arctic oil and gas, as part of the company’s efforts to accelerate the transition to a low-carbon economy.
Intesa’s exclusion covers all financial products and services, as well as advisory services, and applies to projects and companies involved in exploration, production, and pipeline transport of Amazon oil.
New York’s State Comptroller Tom DiNapoli announced further divestment of coal assets today from one of the nation’s largest pension funds – shedding remaining investments in New Hope, PT Indo Tambangraya Megah Tbk, Semirara Mining and Power, Shanxi Coking Coal Energy Group. and Whitehaven Coal.