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BNP Paribas reduces coal exposure

French-based asset manager presents its thermal coal divestment plan worth EUR 1bn.

Photo: PR

The trend of large players divesting from coal is now joined by French international retail bank BNP Paribas, which has launched a plan to reduce its fossil energy investments.

BNP Paribas Asset Management (BNPP AM) aims to divest from coal inventories worth around EUR 1 billion, reports Financial Times.

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