By Kuba Gogolewski, Development YES Open-Pit Mines NO, 25th February 2016.
In spite of the Paris Agreement and the European Union’s 2030 greenhouse gas emissions reduction target, Polish state-owned and private companies are pushing on with plans to develop a string of new open-pit lignite mines.
And while local communities on the front line of these potentially destructive projects continue to resist them, many well-known banking names – including some which have recently made encouraging, if belated, moves towards the coal finance exit doors – remain anchored in the Polish coal sector, and appear more than willing to prop up an industry which now appears to be on its last legs. Continue reading »