Business
Big four banks forced to defend thermal coal exit – Sydney Morning Herald
The government is probing decisions by major financial firms to reduce exposure to certain export industries after a string of firms banned lending and financing…
CBAs climate policy includes boosting financing for renewable energy and gradually reducing exposure to coal mining, infrastructure and electricity generation by the end of the decade. Its submission did not mention thermal coal but outlined its approach to risk and regulation.
When making a decision about whether to lend to a business, we take a range of risk considerations into account. Front of mind will be the level of confidence we have that the business will be able to repay the loan, CBA…
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