Big new Coal Aid Mortgage for Poland’s PGE, global Bank Consortium Slammed European contra–coal campaigners have slammed your decision by a major international consortium of commercial finance institutions to supply a financial loan of more than EUR 950 mil to hold the coal development activities of PGE (Polska Grupa Energetyczna), Poland’s main energy then one of Europe’s top notch polluters. Italy’s Intesa Sanpaolo, Japan’s MUFG Traditional bank and Spain’s Santander constitute the consortium, in addition to Poland’s Powszechna Kasa Oszczednosci Financial institution, which has agreed upon this week’s PLN 4.1 billion dollars credit deal with PGE. 1 The financing is … Continue reading Big new Coal Aid mortgage for Poland’s PGE, global bank consortium slammed