Standard bank sets record straight on financing Lamu
The fact that a major African bank refuses to fund this deadly plant sends a strong anti coal message amidst financiers increasing unease when funding coal globally. Any investment in coal is a disaster for the planet. Financiers are aware of the poor financial return of these projects, especially in comparison to renewable energy projects.” warned Omar Elmawi from the deCOALonize Kenya campaign.
Standard Bank states they reviewed the opportunity to fund the plant, but for “various reasons” decided against it.Read full article here