Bank of England Bans Coal Bonds | London News

The Bank of England is taking a bold step toward climate accountability by banning thermal coal bonds from central bank loan collateral starting this October, citing escalating financial risks tied to the global shift to net-zero energy. While quietly implemented in June, the move signals a major shift in how financial stability and environmental responsibility intersect — with climate advocates cheering but calling for broader action to exclude all environmentally harmful assets. The Bank’s cautious approach may set a precedent, but its real impact hinges on how it measures climate-related financial risks — a step forward, but not enough to tackle the full scope of the climate crisis. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5e1eea8459116e79