But outside the talks, investors are voting with their dollars as money flees fossil fuels and migrates to clean energy. The policy shift at one of the world's biggest and most powerful investment banks is a sign of the times. This week, Wall Street behemoth Goldman Sachs announced it had...

STANDARD Chartered has pulled financing for three coal-fired power plants in South-east Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated US$7 billion and piling pressure on the coal industry. Banks and investors are facing pressure from...

SINGAPORE — Standard Chartered has pulled financing for three coal-fired power plants in Southeast Asia amid a global push to cut greenhouse gas emissions, throwing into doubt projects worth an estimated $7 billion (£5.4 billion) and piling pressure on the coal industry. Banks and...

Global demand for coal has fallen this year for the first time in two years as Europe and the US turn their backs on coal-fired power plants in favour of cheap gas and renewable energy. A report from the International Energy Agency (IEA) found that the world’s appetite for coal declined in...

Moody’s Investors Service said Friday it retained a negative outlook on US thermal coal markets in 2020 based on stiffer competition in the generation stack from natural gas and renewables, in addition to low export expectations given the US’ role as a swing producer. Economic,...

Pemerintah melalui Kementerian Energi dan Sumber Daya Mineral (ESDM) memasang target kuota volume domestic market obligation (DMO) batubara sebesar 155 juta ton pada tahun 2020 mendatang. Jumlah tersebut meningkat dibandingkan dengan rencana DMO di tahun ini sebesar 128 juta ton. Kasubdit...

LAUNCESTON, Australia (Reuters) - Australia, which vies with Indonesia for the title of the world’s largest coal exporter, is planning for an electricity future where use of the polluting fuel dwindles and is rapidly replaced by renewable energy sources. The Australian Energy Market...

ZURICH — Credit Suisse will stop financing the development of new coal-fired power plants, Switzerland’s second-biggest bank said, a week after environmental groups urged it to act. “The bank has decided to no longer provide any form of financing specifically related to the...

Houston — Expectations for US thermal coal exports are bearish, with further declines forecast, Platts Analytics said in a report Monday. "Exports of Illinois Basin coal from the US Gulf Coast and Northern Appalachian coal exports through Baltimore have both slowed considerably from...

It will shed more than $700 million of thermal coal loans by 2024 — a reduction of 75 per cent — an internal email from July shows. The bank is also on the look out for opportunities to "accelerate this timetable" to cut lending to the fossil fuel sector even faster. The...