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No more coal investments for Export Development Canada, new policy says

from The Canadian Press via 570 News

Canada's export development bank is getting entirely out of the coal game but will continue to fund the oil and gas sector as the world transitions towards cleaner sources of energy. Export Development Canada's new climate-change policy means the agency that helps Canadian companies with capital to expand their businesses internationally will no longer provide any funding for anything to do with thermal coal, such as supplying equipment to coal-fired power plants or coal mines. more


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