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

Credit Suisse

Switzerland
Company Sort descending Country of HQ Underwriting (Mio $) Loans (Mio $) Grand Total (Mio $)
Adani Group India 118.00 118.00
AES Corp USA 400.00 400.00
ALLTECH Group Russia 115.00 115.00
American Electric Power USA 113.00 113.00
Anglo American United Kingdom 179.00 179.00
Bayan Resources Indonesia 150.00 150.00
Black Hills USA 70.00 70.00
CenterPoint Energy USA 62.00 62.00
China Huaneng Group China 120.00 120.00
CONSOL Energy USA 47.00 47.00
Contura Energy USA 27.00 27.00
Coronado Group USA 26.00 26.00
Dominion Energy USA 160.00 160.00
Duke Energy USA 972.00 1,022.00 1,994.00
Electricite de France (EDF Group) France 369.00 376.00 745.00
Enel Italy 328.00 328.00
Fortis Canada 175.00 175.00
Glencore Switzerland 293.00 505.00 798.00
Gulf Power USA 88.00 88.00
NiSource USA 396.00 278.00 674.00
NorthWestern Corp USA 75.00 35.00 110.00
NRG Energy USA 238.00 214.00 452.00
Peabody Energy USA 28.00 28.00
Perusahaan Listrik Negara (PLN) Indonesia 270.00 270.00
Power Finance Corp India 0.00 0.00
PPL Corporation USA 200.00 200.00
RWE Germany 209.00 209.00
Sinar Mas Group Indonesia 105.00 105.00
State Power Investment Corporation (SPIC) China 117.00 117.00
SUEK Group (Siberian Coal Energy Company) Russia 120.00 120.00
Tenaga Nasional Berhad (TNB) Malaysia 116.00 116.00
Titan Infra Energy Indonesia 133.00 133.00
Top Frontier Investment Holdings Philippines 406.00 406.00
Vedanta Resources United Kingdom 333.00 350.00 683.00
Vistra Corp USA 340.00 262.00 602.00
Whitehaven Coal Australia 64.00 64.00
XCEL Energy USA 394.00 394.00

TOTAL (in US$ million)

Loans: 4,023.77
Underwritings: 6,373.25
Grandtotal: 10,397.01