Another lender moving away from financing MTR

Go down

Another lender moving away from financing MTR

Post by ziggy on Tue Nov 02, 2010 6:34 pm

Of special note, this practice applies to new applications for credit by coal producers engaged in mountain top removal mining (MTR).

MTR is the subject of increasing regulatory and legislative scrutiny, with a focus on the permitting
of MTR mines. While this extraction method is permitted, PNC will not provide funding to individual MTR projects, nor will PNC provide credit to coal producers whose primary extraction method is
MTR. PNC will continue to monitor this industry while various regulatory issues are addressed
through legislation and public policy.

At Page 4 here: https://www.pnc.com/webapp/unsec/Requester?resource=/wps/wcm/connect/0336ca0043c8b165986f994737af402a/2010_1025_v4_PNCCR_rev.pdf?MOD=AJPERES&CACHEID=0336ca0043c8b165986f994737af402a
avatar
ziggy
Moderator

Number of posts : 5731
Location : Jackson County, WV
Registration date : 2007-12-28

View user profile

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum