The Bank’s new policy suggests that bonds linked to thermal coal are now too risky to sit on its balance sheet, as an international shift away from dirty fossil fuels towards greener energy could end up wiping out their value.
The Bank’s new policy suggests that bonds linked to thermal coal are now too risky to sit on its balance sheet, as an international shift away from dirty fossil fuels towards greener energy could end up wiping out their value.
Even coking coal is finally on borrowed time.