Thẻ: Bank in Singapore

Singapore has declared 2018 the year of climate action—so why are its banks still funding coal?

~ Đào Thu Hằng ~ Bình luận về bài viết này

eco-business_2018 is officially the year of climate action in Singapore, and yet the country’s powerful banks are bankrolling huge, greenhouse gas-producing coal-fired power stations in Asia Pacific, a report has found.

DBS is co-financing four 1200 MW coal-fired power plants in Vietnam—Nam Dinh 1, Nghi Son 2, Vinh Tan 4 and Vung Ang 2—and is a financial adviser for a number of planned coal-fired projects in Indonesia including the Jawa-6, Jawa-9 and Jawa-10 plants.

Coal fired power plant in Indonesia
New coal-fired power plant, Indonesia. Despite dire environmental consequences the Indonesian government and industrial partners will go ahead with the construction of the coal-fired power plant in Batang. Image: cpaulfell / Shutterstock.com
By Robin Hicks

Singapore banks are bankrolling fossil fuel power projects that are at odds with public promises to fight climate change, a report from Market Forces has found. Tiếp tục đọc “Singapore has declared 2018 the year of climate action—so why are its banks still funding coal?” →