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BoE to Stop Accepting Thermal-Coal Bonds as Collateral

7/19/2026

Summary

Story summary

The Bank of England will stop accepting thermal-coal-linked bonds as collateral for loans, effective October 2026.
Climate groups hailed the decision as a step toward ending support for the dirtiest fossil fuel.
The policy cites risks from the net-zero shift and notes that about 150 firms already restrict thermal-coal dealings, Reclaim Finance reports.
Positive Money’s Ellie McLaughlin said the Bank clarify haircuts and broaden exclusions to cover fuel expansion and deforestation.

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Story summary

The Bank of England will stop accepting thermal-coal-linked bonds as collateral for loans, effective October 2026.
Climate groups hailed the decision as a step toward ending support for the dirtiest fossil fuel.
The policy cites risks from the net-zero shift and notes that about 150 firms already restrict thermal-coal dealings, Reclaim Finance reports.
Positive Money’s Ellie McLaughlin said the Bank clarify haircuts and broaden exclusions to cover fuel expansion and deforestation.