NatWest Invested £17 Million in UK Coal Supplier Despite Climate Pledges, Documents Show
By
Joey Grostern
Summary
NatWest has been accused of investing at least £17 million in Hatfield Energy, the UK's largest coal supplier to the cement industry, despite the bank's public climate commitments and its role as exclusive banking sponsor of COP26 in 2020. Documents obtained by DeSmog reveal the bank funneled money into a company that imported at least 350,000 tonnes of coal in 2025. Experts and activists argue this undermines NatWest's own climate transition plan and targets, accusing the bank of using loopholes to continue financing fossil fuels while maintaining a green public image.
Source
bskyNatWest Invested £17 Million in UK Coal Supplier Despite Climate Pledges, Documents Showdesmog.comKey quotes
· 3 pulledNatWest has been slammed for investing at least £17 million in the UK's biggest supplier of coal to the cement industry, despite pressure on banks to stop financing fossil fuels.
According to documents seen by DeSmog, the bank ploughed money into Hatfield Energy, which imported at least 350,000 tonnes of coal in 2025.
Experts and activists have accused NatWest of undermining its own climate targets by supporting coal use.
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