Buildings shrouded in smog during a heavily polluted day in Beijing. Photo: Reuters
Buildings shrouded in smog during a heavily polluted day in Beijing. Photo: Reuters

Postal Savings Bank’s US$47 million ‘green loan’ to Shanxi coal producer draws scepticism of environmental think tanks

  • Postal Savings Bank of China’s US$47 million ‘sustainability linked loan’ to Shanxi miner boasts of ‘green extraction of black coal’
  • But without any goals to reduce the environmental impact, climate think tanks worry that it defeats the object of Beijing’s carbon reduction ambitions

Topic |   China’s carbon neutral goal
Buildings shrouded in smog during a heavily polluted day in Beijing. Photo: Reuters
Buildings shrouded in smog during a heavily polluted day in Beijing. Photo: Reuters
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