Last major Aussie bank ditches coal, in fresh blow to sector
Sydney (AFP) Oct 29, 2020
Australia's ANZ became the country's last major bank to walk away from thermal coal investments Thursday, delivering a fresh blow to a sector facing export market upheaval and widespread public hostility.
The bank said that from 2030 it would no longer finance thermal coal mines or coal-fired power stations, joining Australia's other "big four" banks who have already made similar commitments