Financial groups gave $745 billion for new coal power plants: NGOs

Financial institutions have chaneled $745 billion over the past three years to new coal power projects worldwide despite effort to reduce fossil fuel use to fight climate change, a report released Thursday said.The amount was calculated using data covering both lending and underwriting between January 2017 and September 2019 for all 258 coal plant developers identified in the Global Coal Exit List, drawn up by the Urgewald and BankTrack groups.Altogether, the report cites more than 1,000 new coa