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Is the Greening of Financiers Leading to a Credit Squeeze in the Extractive Sector?

March-11-2015

Lawyer Catherine Lyons
Area Corporate Finance and Securities, Environmental Law, Mining and Natural Resources

Summary

The New York Times recently reported that PNC Financial had joined a growing list of financiers in the United States that have “distanced themselves from coal companies involved in mountain top removal.”  The list already includes:  Bank of America, Citigroup, Morgan Stanley, JP Morgan Chase, Wells Fargo, Credit Suisse and others.
 

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