In a statement issued last Tuesday, RCBC Trust and Investments Group (TIG) said that it is finalizing with an unnamed partner a P20-billion loan facility for 10 renewable power plants. “As RCBC… ...

“As part of RCBC’s commitment to the environment and to the world we all live in, we are phasing out lending to coal-fired power plants by 2031,” RCBC President and CEO Eugene S. Acevedo said.