Business · 19 July 2026
Bank of England bans coal-linked bonds for key loans from October
The Bank of England will no longer accept bonds from thermal coal mining companies as collateral for loans, starting October 31, 2026. The ban seeks to safeguard the Bank from financial risks as the economy transitions towards net zero emissions. Climate campaigners have welcomed the decision, hoping it will encourage commercial banks to reduce their holdings of coal-linked assets.
Reported by Guardian · How we write briefs