US and European insurers are now refusing to cover coal, yet the Independent reports that UK banks are still loaning money to finance new coal plants (in addition to many other global banks). Throw in new Energy of Secretary Dan Brouillette’s rather bizarre statement this week that “coal has a bright future,” and it’s apparent that the demise of coal isn’t going to be entirely straightforward.
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The post Coal: it’s ininsurable, it’s deadly, yet banks (and the DOE and EPA) still support it appeared first on Electrek.
Source: Charge Forward