Banks slash coal loans by 50 per cent as investor pressure mounts

By Clancy Yeates
Updated January 28 2018 - 9:03pm, first published 8:51pm

Australia's big banks slashed loans to fossil fuel companies by almost a fifth in 2017, including a 50 per cent drop in their coal mining exposure, new analysis shows, as investors and regulators ramp up pressure over climate change risks.