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Citigroup pitches coal investment vehicle

US investment bank Citigroup is pitching a new coal investment vehicle - called ‘Coal to Zero’ – to London-based institutional investors, according to Bloomberg.

Citigroup pitches coal investment vehicle Citigroup pitches coal investment vehicle Citigroup pitches coal investment vehicle Citigroup pitches coal investment vehicle Citigroup pitches coal investment vehicle

The 'Coal to Zero' vehicle would acquire soon-to-be phased out coal mines in safe jurisdictions

The vehicle would acquire soon-to-be phased out coal mines in safe jurisdictions and maintain existing production capacity before closing them down in 2045, said Bloomberg.

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