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Barclays ends financing of controversial mountaintop removal mining

2015-04-07 15:45:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Barclays has ended its financing of a controversial coal mining method known as mountaintop removal and said time is running out for the practice. The bank was the worlds biggest financier of mountain top removal (MTR) in 2013, when it loaned MTR companies $550m, according to one analysis. But in a policy document, released without publicity during March, Barclays reversed its position. Companies that engage in MTR coal mining will no longer receive support from the bank unless they commit...

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