FirstRand ends coal project funding

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FirstRand ends coal project funding
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The owner of FNB and WesBank says direct project financing for new coal mines will end in 2026.

AFP/Mujahid SafodienThe owner of FNB and WesBank, says direct project financing for new coal mines will end in 2026.Its energy and fossil fuel financing policy document reveals more cost-effective and environmentally friendly alternatives.

FirstRand says it will continue to support the operational financing of its existing coal sector clients, as the electricity grid needs support.The owner of FNB and WesBank, says direct project financing for new coal mines will end in 2026.Its energy and fossil fuel financing policy document reveals more cost-effective and environmentally friendly alternatives.

FirstRand says it will continue to support the operational financing of its existing coal sector clients, as the electricity grid needs support.

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