In their bid to be seen as supportive of sustainability, some banks began to curb lending to coal-related businesses, forcing coal companies to look for alternative funding sources.
Resources Global Development bets on shipping and coal mining as twin engines to capture Indonesia’s growth story
Over the years, coal has increasingly fallen out of favour, given its reputation as a dirty fuel. More and more investors thumbed their nose at this fossil fuel when the financial industry took over the sustainability agenda from the environmentalists and positioned themselves as green champions.
