Investors hit out at Samsung over $14bn in coal financing - Financial Times

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목, 2020년 10월 08일 - 18:14

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South Korea’s Samsung has been criticised by investors and environmentalists after research suggested its insurance units financed $14bn of fossil fuel projects and investments over the past 10 years.

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Wonyoung Yangyi, the South Korean lawmaker who helped conduct the research, said funding of coal was damaging the reputation of the country’s financial institutions and increasing their exposure to investment risk.

“As the entire world is moving towards stronger greenhouse gas reduction targets for 2030 and net-zero by 2050, the viability of coal power projects will decline even faster,” she said.


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