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.

Choose Bank

Barclays

United Kingdom
Company Sort descending Country of HQ Underwriting (Mio $) Loans (Mio $) Grand Total (Mio $)
Adani Group India 605.00 605.00
Air Products & Chemicals USA 494.00 494.00
Alliant Energy USA 341.00 100.00 441.00
Aluminum Corporation of China China 127.00 127.00
Ameren Corp USA 218.00 545.00 763.00
American Electric Power USA 556.00 229.00 785.00
Anglo American United Kingdom 240.00 257.00 497.00
Anglo Pacific Group United Kingdom 30.00 30.00
Barito Pacific Indonesia 28.00 28.00
Berkshire Hathaway Energy Company USA 920.00 419.00 1,339.00
CenterPoint Energy USA 161.00 161.00
CEZ Czech Republic 166.00 166.00
China Hongqiao Holdings China 52.00 52.00
China Petrochemical Group (Sinopec Group) China 143.00 143.00
CMS Energy USA 322.00 322.00
Contura Energy USA 122.00 122.00
DTE Energy USA 1,061.00 60.00 1,121.00
Duke Energy USA 1,244.00 1,022.00 2,266.00
Electricite de France (EDF Group) France 542.00 376.00 918.00
EnBW Energie Baden-Württemberg Germany 112.00 112.00
Enel Italy 126.00 155.00 280.00
Evergy USA 190.00 190.00
FirstEnergy USA 210.00 200.00 410.00
Fortum Finland 709.00 6,478.00 7,187.00
Genting Malaysia 194.00 194.00
Glencore Switzerland 166.00 546.00 712.00
Hindalco Industries India 89.00 152.00 241.00
Larsen & Toubro India 412.00 46.00 458.00
NiSource USA 342.00 278.00 620.00
NRG Energy USA 73.00 178.00 251.00
Pinnacle West Capital USA 164.00 164.00
Portland General Electric (PGE) USA 200.00 113.00 313.00
Power Finance Corp India 1,549.00 1,549.00
PPL Corporation USA 100.00 257.00 357.00
RWE Germany 796.00 209.00 1,005.00
South32 Australia 100.00 100.00
Southern Company USA 642.00 379.00 1,022.00
State Power Investment Corporation (SPIC) China 38.00 38.00
Top Frontier Investment Holdings Philippines 100.00 100.00
Vale Brazil 154.00 154.00
Vedanta Resources United Kingdom 350.00 350.00
Vistra Corp USA 330.00 175.00 505.00
WEC Energy Group USA 431.00 431.00
XCEL Energy USA 537.00 228.00 765.00

TOTAL (in US$ million)

Loans: 13,396.40
Underwritings: 14,487.41
Grandtotal: 27,883.81