UK Bank Standard Chartered Set to Breach Climate Pledges by Financing Dirty Coal Plant in Vietnam

A London-based bank has been accused of breaching its own 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 located in the Thanh Hoa province on Vietnam’s northern coast.