Citibank headlines: Exclusive: Citi, HSBC, Prudential hatch plan for Asian coal-fired closures

From Reuters:

* Prudential, Citi, HSBC, BlackRock devising coal plan

* Initiative aims to secure funding at COP26 summit

* ADB preparing feasibility study on early closures

LONDON/MELBOURNE, Aug 3 (Reuters) – Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said.

Continue reading Exclusive: Citi, HSBC, Prudential hatch plan for Asian coal-fired closures on Reuters

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