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Analysis

Mountaintop mining: banks pull the plug on an industry in decline

In March, Barclays released a policy document declaring that it will no longer finance mountaintop removal (MTR) coal mining. The decision was quite a diversion from its history within the sector - the bank was the world's biggest financier of MTR in 2013, according to the 2014 Coal Finance Report Card. But, what sparked the decision and what does it mean for the future of MTR?

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