{"id":40635,"date":"2026-10-20T01:01:05","date_gmt":"2026-10-19T23:01:05","guid":{"rendered":"https:\/\/reclaimfinance.org\/site\/?p=40635"},"modified":"2026-10-20T09:18:34","modified_gmt":"2026-10-20T07:18:34","slug":"coal-hypocrisy-european-banks-double-standard-on-thermal-and-metallurgical-coal-in-australia","status":"publish","type":"post","link":"https:\/\/reclaimfinance.org\/site\/en\/2026\/10\/20\/coal-hypocrisy-european-banks-double-standard-on-thermal-and-metallurgical-coal-in-australia\/","title":{"rendered":"Coal hypocrisy: European banks\u2019 double standard on thermal and metallurgical coal in Australia"},"content":{"rendered":"

A decade ago, more than 70 financial institutions refused to finance some or all thermal coal mines and their related infrastructure projects in Australia\u2019s Galilee Basin. Those refusals stopped the basin from full development and became the foundation of hundreds of bank coal policies worldwide. Today the same banks are financing the expansion of metallurgical coal in the Bowen Basin, 150 kilometers east. The only difference is the label: met coal makes steel, so banks exempt it from the restrictions they apply to thermal coal.<\/p>\n<\/div>

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Key findings:<\/h2><\/span>
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<\/div><\/div>
0<\/span>$ billion<\/span><\/div>
provided by 19 European banks to companies planning met coal expansion in the Bowen Basin, 2021\u20132025<\/div><\/div><\/div><\/div><\/div><\/div>