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Politics : Formerly About Advanced Micro Devices
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From: Wharf Rat7/13/2016 12:20:39 AM
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Pressured by environmentalists and worried about big losses from a troubled industry, many large banks and other lenders have made a hasty retreat from coal mining in recent years.
But even in these ‘dark times’, there was one bank that many coal miners could still count on for financing and advice: Deutsche Bank.
Not any longer.
The German banking giant is pulling back from the embattled coal sector, another sign of the increasing risks for banks that finance industries that contribute to climate change.
nytimes.com
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