Bank of England stops accepting thermal coal bonds in major climate shift
The Bank of England will stop accepting bonds linked to thermal coal for key loan arrangements starting October, marking a major climate policy shift. The central bank cited financial risks from the economy's transition to net zero. The move is stricter than policies adopted by most Western counterparts and signals to commercial banks they should reconsider holding coal-linked assets.
How does this story land?
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 19 Jul 2026, 05:00 UTC · Updated 19 Jul 2026, 05:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections