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Business Briefs
China’s biggest bank abandons US$3bn coal project in Zimbabwe
CHINA’S biggest bank has dumped plans to fund a US$3-billion billion coal-fired power plant in Zimbabwe, in a blow to a two-decade effort to develop the project, according to a coalition of 32 environmental groups. Industrial and Commercial Bank of China told Go Clean ICBC, which includes environmental activist group 350.org, that it wouldn’t fund the 2 800 MW Sengwa…
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