The Guardian19 Jul 2026Market
Automatically composed with AI from the cited sources
Effective October, the Bank of England will no longer accept bonds linked to thermal coal as collateral from commercial banks borrowing from the central bank, according to a policy statement quietly posted on its website in early June. The Bank cited potential financial risks to thermal coal companies from the economy’s adjustment to net zero, adding that it would also discount the value of bonds in other relevant sectors to protect against financial risks.