Big European banks face call to end funding for firms building coal-fired plants
Share:
LONDON (Reuters) - Some of Europe's biggest banks are being challenged by environmental groups to sever all lending to utilities which they say are still developing new coal-fired power plants.The call comes as some 190 countries meet in Madrid to assess progress on the 2015 Paris Climate Agreement, which demands a virtual end to coal power by 2050.A United Nations report last year said almost all coal-fired power plants would need to close by the middle of this century to curb a rise in global..