Coal Truck

Welcome to the Global Coal Exit List

The Global Coal Exit List (GCEL) is a unique, public database, which provides key statistics on companies throughout the entire thermal coal value chain. It aims to capture the world’s coal industry as a whole and serves as an information source and a divestment tool for the finance sector. 

Coal is the single biggest contributor to climate change, and phasing out investments in the coal industry is the single most important step financial institutions can take to protect our climate. According to the 2018 IPCC report, coal-fired power generation must decrease by 78% by 2030 if we want to keep the 1.5°C limit within reach. Achieving this goal requires immediate action by banks and investors.

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The GCEL is a practical tool that enables financial institutions to identify the ‘coal content’ of their portfolios, to avoid new coal investments and to accelerate their departure from the coal industry. Since our database was first published in 2017, 200 financial institutions have become registered users of the GCEL. Many leading investors are now using our database not only to assess coal-related risks in their portfolios, but to plan and execute meaningful divestment steps.

The 2019 GCEL lists around 2,300 companies (parents and subsidiaries). It provides key information on these companies’ coal share of revenue (CSR), coal share of power production (CSPP), installed coal-fired capacity and annual coal production. It also identifies, which companies are planning an expansion of coal mining or coal power activities or are developing other coal infrastructure.

Our research mainly relies on public data provided by the companies themselves. Most of the information in the GCEL is extracted from companies’ reporting documents, investor presentations and their websites. Other important sources are publications by government agencies and stock exchanges.

Urgewald strives to facilitate impactful coal divestment and provide data on which financial institutions, academics, NGOs and journalists can rely on. We will continue refining the GCEL to incorporate new parameters and improve its data density. We aim to set the benchmark when it comes to capturing coal sector data and providing it in a way that is tailored to the needs of responsible investors.


 

 

For Investors – Get the list with ISIN codes

We provide a special version of the Global Coal Exit List with common financial identifiers (ISIN, Bloomberg Ticker, etc.) on request. We also offer in-depth webinars on the list.

What's so special about the Global Coal Exit List?

We also list private companies that engage in coal-related business activities, which is especially valuable to insurance companies.

Users of the Global Coal Exit List

Our database has more than 200 registered users from the finance sector.
Financial Institutions representing nearly US$ 10 trillion Assets under Management are applying one ore more of the Global Coal Exit List criteria.
Company Headquarter Absolute criteria Relative criteria Expansion criteria
Sasol Ltd
SASOL FINANCING PTY LTD | Sasol Financing Usa LLC | Sasol Mining Pty Limited
South Africa >20MT
China Pingmei Shenma Group
Pingdingshan Tianan Coal Mining Co. Ltd.
China >20MT csr | cspp
PT Indika Energy
Indika Capital Investment Pte Ltd | Indika Energy Capital II Pte Ltd | Indika Energy Capital III Pte Ltd | Indika Energy Capital Pte Ltd | Indika Energy Trading Pte Ltd | Indo Energy Capital II BV | Indo Energy Finance II BV | PT Cirebon Electric Power (CEP) | PT Cirebon Energi Prasarana (CEPR) | PT Cirebon Power Services (CPS) | PT Indika Inti Corpindo | PT KIDECO Jaya Agung (KIDECO) | PT Mitra Energi Agung (MEA) | PT Mitrabahtera Segara Sejati Tbk (MBSS) | PT Multi Tambangjaya Utama (MUTU) | PT Petrosea Tbk | PT Sea Bridge Shipping (SBS)
Indonesia >20MT csr | cspp
Public Power Corporation SA (PPC)
Public Power Corp Finance PLC
Greece >20MT csr | cspp
Alliance Resource Partners L.P. (ARLP)
USA >20MT csr
NACCO Industries Inc
Bisti Fuels Company LLC (Navajo Mine) | Caddo Creek Resources Company LLC (Marshall Mine) | Camino Real Fuels LLC (Eagle Pass Mine) | Coyote Creek Mining Company LLC | Demery Resources Company LLC (Five Forks Mine) | Mississippi Lignite Mining Co (MLMC) (Red Hills Mine) | North American Coal Corporation | The Falkirk Mining Co | The Coteau Properties Co (Freedom Mine) | The Sabine Mining Co (South Hallsville No. 1 Mine)
USA >20MT csr
Vietnam National Coal Mineral Industries Holding Corporation Limited (Vinacomin)
Cao Son Coal Joint Stock Company | Deo Nai Coal Joint Stock Company | Ha Lam Coal Joint Stock Company | JSC HA TU COAL | Mong Duong Coal Joint Stock Company | Quang Ninh Thermal Power JSC | Tay Nam Da Mai Coal Joint Stock Company | Vang Danh Coal Joint Stock Company
Vietnam >20MT
Polska Grupa Górnicza (PGG)
Poland >20MT csr | cspp
Revelation Energy LLC
USA >20MT csr
AGL Energy Ltd
AGL Loy Yang Pty Ltd | AGL Macquarie Pty Ltd
Australia >20MT csr | cspp
Kailuan (Group) Limited Liability Corporation
Canadian Kailuan Dehua Mines Co Ltd | Kailuan Energy Chemical Co Ltd
China >20MT cspp
NLC India Ltd
NLC Tamil Nadu Power Ltd | NLC Uttar Pradesh Power
India >20MT csr | cspp
BHP Billiton Group
BHP Billiton Finance BV | BHP Billiton Finance Ltd | BHP BILLITON FINANCE PLC | BHP Billiton Finance USA Ltd | BHP Billiton Ltd | BHP Billiton Mitsui Coal (BMC) | BHP Billiton Plc | BHP Mitsubishi Alliance (BMA) | Cerrejón Coal Ltd | CMC - Coal Marketing Co Ltd | Hunter Valley Energy Coal PTY Ltd | New South Wales Energy Coal | WMC FINANCE LTD
Australia >20MT
Kiewit Mining Group Inc
Buckskin Mining Co
USA >20MT
Turkish Coal Enterprises (TKİ)
Turkey >20MT csr
Anglo American PLC
Anglo American Capital PLC | Ango American Australia Finance Ltd | Cerrejón Coal Ltd | CMC - Coal Marketing Co Ltd | Richards Bay Coal Terminal (Pty) Ltd (RBCT)
United Kingdom >20MT
Drummond Co Inc
USA >20MT csr
Eurasian Resources Group (ERG)
ENRC FINANCE LTD | Eurasian Energy Corporation JSC | Shubarkol Komir JSC
Luxembourg >20MT
OAO HK SDS-Ugol (OAO Siberian Business Union (SDS))
MIR Trade AG
Russia >20MT csr
PT Bayan Resources Tbk
Kangaroo Resources Ltd | PT Dermaga Perkasapratama
Indonesia >20MT csr

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Coalexit.org is a platform free of charge. However, it is based on a years-long and extremely costly research. Please help Urgewald with your donation.