Coal Fired Power Plant

New reports : Who are the banks and investors still financing coal plant development ?

BankTrack, urgewald, FoE France, Rainforest Action Network and Re:Common, with the support of 16 partners around the world, have just launched this morning two new reports revealing who are the banks and investors still financing the top 120 coal plant developers identified by urgewald in the Global Coal Exit List, and responsible for 2/3 of the global coal plant pipeline.

IEEFA Report: Philippine Banking Sector at Risk in Ill-Advised US$21 Billion Expansion of Coal Fleet

Current energy policies in the Philippines pass on the costs of coal risk to consumers, who are forced to shoulder higher electricity bills as a result, notes the report, which shows how adding renewables to electricity systems erode the utilization rates of coal power because cleaner energy has become the least-cost option in many areas.