
Bank of England to stop accepting bonds linked to coal for key loans
- Bank of England will reject coal-linked bonds as loan collateral from October
- Move seen as pressuring commercial banks to drop coal-related assets
- Policy is stricter than most peers, though announced with little fanfare
The Bank of England has announced it will stop accepting bonds linked to thermal coal as collateral for the loans it routinely provides to commercial banks, in a move climate campaigners have hailed as a significant victory. The ban, which takes effect in October, signals that the central…







