S'pore banks big funders of region's coal projects: Study

DBS was involved in deals worth US$885 million, five of which also involved OCBC. This included a US$160 million loan to a consortium to buy Australia's Port of Newcastle, a major coal shipment hub.
DBS was involved in deals worth US$885 million, five of which also involved OCBC. This included a US$160 million loan to a consortium to buy Australia's Port of Newcastle, a major coal shipment hub.PHOTO: REUTERS

Green groups voice concern, as global banks shun pollution source