February 2, 2025
NGOs expose surge in new metallurgical coal mines
“Financial institutions need to wake up and stop bankrolling the reckless expansion of this industry,” Heffa Schuecking, director of Urgewald said in a statement. She said that hundreds of financial institutions are already using Urgewald’s Global Coal Exit List (GCEL) to restrict their financial flows to the thermal coal sector. “The MCEL is a new sister database that focuses exclusively on metallurgical coal and highlights which companies are planning new mines or extensions,” she said. Global emissions fight As the Paris Agreement marks its 10th anniversary, the target of limiting global temperature rise to 1.5°C feels increasingly unattainable. The iron and
