Denmark's largest energy firm to ditch coal by 2023

On the same day a new The Economist Intelligence Unit report concluded European coal generation is declining and will continue to face a “difficult outlook”, Danish giant Dong Energy (CPH:DENERG) announced it would phase out the use of the fossil fuel. As part of the plan, Dong Energy will stop using coal at all of its European power[…]

Deutsche Bank won’t finance any coal projects any longer

German banking giant Deutsche Bank (FRA:DBK)(NYSE:DB) is fully walking away from coal, as it has decided not to finance any greenfield thermal coal mining or coal-fired plants any longer. Announcing the changes to its coal financing guidelines Tuesday, the lender also said it will gradually reduce its existing exposure to the thermal coal mining sector.[…]