Coal news and updates

South Korean conglomerate Hanwha Group has made the first corporate retreat from coal of 2021, with six of the company’s financial services affiliates pledging to cease financing of the fossil fuel, which is the largest man-made source of greenhouse gas emissions.

 

In a press statement released on Tuesday (5 January), Hanwha said its subsidiaries would not be involved in any  financing of future domestic and overseas coal projects, nor would they purchase any corporate bonds issued for the construction of domestic and foreign coal plants.

 

The affiliates included Hanwha Life Insurance, Hanwha General Insurance, Hanwha Investment & Securities, Hanwha Asset Management, Hanwha Savings Bank, and Carrot General Insurance. 

 

Source : https://www.eco-business.com/news