Published by Nikkei Asia | May 8, 2021 | READ THE STORY HERE Environmental groups welcome move, but criticize it as a decade overdue SINGAPORE (Reuters) -- The Asian Development Bank will no longer finance coal mining or oil and natural gas production and exploration, it announced in a draft policy statement on Friday, a move welcomed by environmental groups, which said it was a decade overdue. The multilateral development bank, which focuses on eradicating poverty in Asia, provided no timeline for its commitment. It also laid out conditions under which fossil fuel projects would continue to receive funding, [...]