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Bank of England to stop accepting bonds linked to coal for key loans

Campaigners hope move will force commercial banks to rethink holding assets linked to the fossil fuel

Climate campaigners have declared a victory after the Bank of England said it would no longer accept bonds linked to one of the most polluting industries on the planet for key loan arrangements.

The ban, which comes into force in October, marks a fresh crackdown on thermal coal, which is burned in power plants to create electricity, and has long been a target of green policy activists.

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Β© Photograph: Bloomberg/Getty Images

Β© Photograph: Bloomberg/Getty Images

Β© Photograph: Bloomberg/Getty Images

Jackdaw gasfield would create only 27 direct full-time jobs, documents show

Campaigners say field will bring minimal benefit for UK economy, as industry lobbies Burnham for go-ahead

More people can fit on to the top deck of a standard London bus than will be directly employed on the new Jackdaw gasfield in the North Sea, industry documents show.

Only 27 direct full-time jobs would be created by Jackdaw, one of the biggest gasfields remaining in the North Sea, according to an environmental impact assessment filed publicly by its owner, Adura, a joint venture between Shell and Norway’s Equinor.

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Β© Photograph: Vuk Valcic/ZUMA Press Wire/Shutterstock

Β© Photograph: Vuk Valcic/ZUMA Press Wire/Shutterstock

Β© Photograph: Vuk Valcic/ZUMA Press Wire/Shutterstock

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