Siemens Energy announces immediate exit from new coal projects

Siemens Energy chief executive Christian Bruch
Siemens Energy chief executive Christian Bruch

Siemens Energy today announced that it was withdrawing from all new coal projects.

Chief executive Christian Bruch told a press conference: "Effective immediately, we cease supporting the development of new coal-fired power plants."

He explained that while the company would honour all existing coal-related agreements, it would no longer bid for tenders for pure coal-fired projects.

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