Reported 1 day ago
Deutsche Bank stands out as the only European lender among financiers for Peabody Energy Corp.'s $2.1 billion acquisition of coal assets from Anglo American Plc, as reflection of its explicit coal policy. While backing the deal, Deutsche Bank faces scrutiny from climate activists over its distinction between metallurgical and thermal coal—two types that have significant environmental impacts. Despite this, Peabody is reportedly transitioning towards more metallurgical coal production, which could influence future financing dynamics in the coal industry.
Source: YAHOO