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Deutsche Bank withdraws from coal projects to reach climate goals

Deutsche Bank and its subsidiaries will not finance coal mine operations or the new construction of coal power plants.

Photo: ritzau/Arkiv/Niels Hougaard

Deutsche Bank informs that it will no longer make new investments in coal projects and the bank's existing investments in the area will be gradually phased out.

This is happening in relation to the bank's commitments in accordance with the Paris climate deal in the fight against global warming, writes The Guardian.

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