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.

For more information, see the full ranking of the financial institutions and our briefing “Revealing the Financiers of the Coal Industry”.

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.

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BNP Paribas

France
Company Sort descending Country of HQ Underwriting (Mio $) Loans (Mio $) Grand Total (Mio $)
Adani Group India 50.00 50.00
AGL Energy Australia 27.00 27.00
Air Products & Chemicals USA 384.00 384.00
Ameren Corp USA 193.00 193.00
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
CenterPoint Energy USA 21.00 21.00
CEZ Czech Republic 166.00 166.00
China Petrochemical Group (Sinopec Group) China 133.00 133.00
CLP Holdings China (Hong Kong) 70.00 329.00 399.00
CMS Energy USA 199.00 199.00
DTE Energy USA 214.00 214.00
Duke Energy USA 789.00 1,062.00 1,851.00
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
Enel Italy 602.00 349.00 951.00
Energie Versorgung Niederoesterreich (EVN) Austria 101.00 101.00
Enerjisa Uretim Santralleri Turkey 129.00 129.00
Evergy USA 90.00 90.00
First Quantum Minerals Canada 201.00 900.00 1,101.00
Fortum Finland 709.00 231.00 940.00
Glencore Switzerland 113.00 546.00 658.00
Gulf Power USA 88.00 88.00
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
Malakoff Corporation Malaysia 188.00 188.00
Marubeni Japan 87.00 87.00
Mechel Russia 83.00 83.00
MVM Magyar Villamos Muvek Hungary 31.00 31.00
NiSource USA 280.00 280.00
NRG Energy USA 39.00 178.00 217.00
One Rail Australia Australia 53.00 53.00
Origin Energy Australia 221.00 221.00
Otter Tail USA 17.00 17.00
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
POSCO South Korea 524.00 524.00
RWE Germany 209.00 209.00
Sasol South Africa 120.00 120.00
South32 Australia 100.00 100.00
Southern Company USA 284.00 258.00 542.00
United Tractors Indonesia 50.00 50.00
Vistra Corp USA 330.00 262.00 592.00
WEC Energy Group USA 124.00 124.00
XCEL Energy USA 100.00 122.00 222.00

TOTAL (in US$ million)

Loans: 7,420.53
Underwritings: 10,552.68
Grandtotal: 17,973.21