Bank of England to stop accepting bonds linked to coal for key loans
The Bank of England has announced it will stop accepting bonds linked to thermal coal as collateral for loans starting in October. This policy shift aims to reduce the bank's exposure to high-risk fossil fuel assets and aligns with broader international efforts to transition toward greener energy.
The Bank of England’s move suggests bonds linked to thermal coal are now too risky to sit on its balance sheet. The Bank of England’s move suggests bonds linked to thermal coal are now too risky to sit on its balance sheet. Bank of England Bank of England to stop accepting bonds linked to coal for key loans Campaigners hope move will force commercial banks to rethink holding assets linked to the fossil fuel
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in