One Lump in a Christmas Stocking Is Usually Sufficient

Sat, 2007-01-13 09:42Ross Gelbspan
Ross Gelbspan's picture

One Lump in a Christmas Stocking Is Usually Sufficient

As the world heats up, the coal industry is racing to build more than 150 new power plants before Congress decides to crack down on global warming.
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At least $83 billion USD in financing was provided to 65 coal mining and energy companies last year by 92 of the world’s leading commercial banks, according to a Dutch report published Wednesday.

Leading banks provided $500 billion in financing for the coal industry through 2,283 lending and underwriting transactions between 2005 and April 2014, said the report ...

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