Reclaim Finance calls on Natwest for specifics on coal phase out

Below is Reclaim Finance’s response to Natwest’s new coal policy:

NatWest, a sponsor of the COP26 summit and a member of the Net-Zero Banking Alliance, has just announced new measures regarding its support to the coal sector.

Graphic showing bank directors with connections to polluting ssectors

New global study shows Canada’s banking bosses are too conflicted to take climate change seriously

The directors of Canada’s top five banks hold more extensive ties to polluting industries than their international counterparts, new analysis by DeSmog shows. This may prove a barrier to taking specific steps to decarbonise their financing, as they have publicly promised.