Financial Backers of Global Coal
We are revealing the investors and banks behind the companies on our Global Coal Exit List.
In January 2021, 4,488 institutional investors held investments totaling US$ 1.03 trillion in companies operating along the thermal coal value chain.
Between October 1st 2018 and October 31st 2020 our research identified 665 banks that provided loans totaling US$ 315 billion and underwriting activities worth over US$ 808 billion to GCEL companies.
Below, you can look up these investors and banks and their coal investments, but you can also search for a coal company and look at the banks and investors behind it.
The investment figures presented are gathered at group level. Please, note that investments might have changed since the data was retrieved from the financial databases. Read the detailed Methodology for more information.
The GCEL 2020 finance research was published by Urgewald and partner NGOs and was conducted by Profundo. Further analysis on the listed financial institutions’ coal policies can be found in the Coal Policy Tool of Reclaim Finance.
|Company Sort descending||Country of HQ||Underwriting (Mio $)||Loans (Mio $)||Grand Total (Mio $)|
|Air Products & Chemicals||USA||384.00||384.00|
|American Electric Power||USA||378.00||160.00||538.00|
|Anglo American||United Kingdom||375.00||475.00||850.00|
|Berkshire Hathaway Energy Company||USA||251.00||190.00||441.00|
|China Petrochemical Group (Sinopec Group)||China||133.00||133.00|
|CLP Holdings||China (Hong Kong)||70.00||329.00||399.00|
|Electricite de France (EDF Group)||France||1,108.00||615.00||1,723.00|
|EnBW Energie Baden-Württemberg||Germany||453.00||112.00||565.00|
|Energie Versorgung Niederoesterreich (EVN)||Austria||101.00||101.00|
|Enerjisa Uretim Santralleri||Turkey||129.00||129.00|
|First Quantum Minerals||Canada||201.00||900.00||1,101.00|
|HK Electric Investments||China (Hong Kong)||196.00||196.00|
|Indonesia Asahan Aluminium||Indonesia||980.00||980.00|
|Kansai Electric Power (KEPCO)||Japan||20.00||20.00|
|Korea Electric Power (KEPCO)||South Korea||369.00||369.00|
|Larsen & Toubro||India||46.00||46.00|
|MVM Magyar Villamos Muvek||Hungary||31.00||31.00|
|One Rail Australia||Australia||53.00||53.00|
|Perusahaan Listrik Negara (PLN)||Indonesia||233.00||233.00|
|PGE (Polska Grupa Energetyczna)||Poland||36.00||36.00|
|Pinnacle West Capital||USA||164.00||164.00|
|Polskie Górnictwo Naftowe i Gazownictwo (PGNiG)||Poland||341.00||341.00|
|Portland General Electric (PGE)||USA||113.00||113.00|
|WEC Energy Group||USA||124.00||124.00|