South Africa's Nedbank to halt funding for new thermal coal mines by 2025

  • Reuters
  • Stock Market News
South Africa's Nedbank to halt funding for new thermal coal mines by 2025
Credit: © Reuters.

JOHANNESBURG, April 22 (Reuters) - South Africa's Nedbank NEDJ.J will stop funding new thermal coal mines from 2025 and cut direct funding of new oil and gas exploration projects with immediate effect, it said on Thursday amid growing pressure on banks from climate activists. ($1 = 14.2212 rand )

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