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Australian banks say will support low-carbon lending
2015-11-05 02:12:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Two of Australia's major banks on Thursday announced initiatives to support the transition to a low-carbon economy, moves which could make it harder to finance the country's coal industry. Top lender National Australia Bank will finance A$18 billion ($12.84 billion) through to 2022 to renewable energy projects including low-carbon property and transport, it said in a statement. Commonwealth Bank of Australia, the second biggest lender, said it would consider environment risks in loan and credit...
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Category:Electronics and Electrical