Financial services provider Standard Bank has released its Thermal Coal Mining Policy, making it the first South African bank to publicly release a policy on lending to coal mining projects.

The release of the financing policy follows the bank’s recent $485-million investment in Mozambique’s Liquefied Natural Gas project, worth $20 billion. Standard Bank’s Chief Executive ...

This was followed shortly thereafter by an announcement from FirstRand Bank, which said it had withdrawn from funding the Thabametsi project in which it was initially involved. Although Standard ...

The Standard Bank Group has committed not to finance new coal-fired power plants and intends to bolster its support of renewable energy projects across Africa. The group on Wednesday released its ...