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View all search resultsIndonesia’s second-largest coal producer, PT Adaro Energy, has started looking to China and South Korea for potential funding sources as countries in Europe have shifted away from investing in coal-related businesses such as power plants and mining due to climate concerns.
The World Bank's private-sector arm, the International Finance Corporation (IFC), has been quietly funding some of Indonesia’s most destructive coal mining companies despite its 2013 virtual ban on coal financing, a report says.
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