Report accuses 19 European banks of 'hypocrisy' in financing metallurgical coal mines

AI justification

Continued financing of metallurgical coal by banks undermines climate action despite transparency efforts. | The report by Reclaim Finance highlights a critical contradiction: while European banks publicly commit to phasing out coal financing, they continue to fund metallurgical coal projects. This undermines climate action (SDG 13) and responsible consumption (SDG 12), with significant planetary boundary risks. However, the report itself is a positive act of transparency, pressuring institution