TOKYO -- Japan's three largest banks will stop financing coal excavation for power generation, seeking to fight climate change by withdrawing support for the carbon-intensive fuel.
Environment
Top Japan banks MUFG, SMFG join exit from coal mine funding
Peer Mizuho has already moved to end loans for extracting power plant fuel
A lignite mine and coal-fired power plant in Germany. Japan's three largest banks are thought to have billions of dollars in outstanding loans for coal excavation. © Reuters
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