Standard Chartered ‘breaching climate policy’ with Vietnam coal plant investment

climatechangenews 

A railway coal depot in northern Vietnam (Pic: Flickr/garycycles8)

By Chloe Farand for DeSmog UK

A London-based bank has been accused of breaching its climate pledges over the financing of a heavily polluting coal-fired power plant in Vietnam.

Standard Chartered, a UK bank which supports British companies trading abroad, plans to co-finance the $2.5bn (£1.81bn) Nghi Son 2 coal plant in Thanh Hoa province, Vietnam.

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