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 Investor

Cathay Financial

Taiwan
Company Country of HQ Shareholding (Mio $) Bondholding (Mio $) Total (Mio $) Sort ascending
Indonesia Asahan Aluminium Indonesia 470.43 470.43
Perusahaan Listrik Negara (PLN) Indonesia 403.63 403.63
BHP Group Australia 352.91 352.91
Duke Energy USA 1.02 349.35 350.36
Power Finance Corp India 264.05 264.05
Tokyo Electric Power (TEPCO) Japan 256.67 256.67
Southern Company USA 0.91 187.92 188.82
Anglo American United Kingdom 0.21 168.83 169.04
Vale Brazil 0.34 142.18 142.52
FirstEnergy USA 0.05 136.70 136.76
XCEL Energy USA 1.85 94.10 95.95
Dominion Energy USA 93.45 93.45
Berkshire Hathaway Energy Company USA 90.55 90.55
American Electric Power USA 0.63 74.39 75.01
CMS Energy USA 0.54 70.80 71.34
Air Products & Chemicals USA 45.40 12.84 58.24
Ameren Corp USA 0.94 55.43 56.36
PPL Corporation USA 0.40 40.50 40.90
Pinnacle West Capital USA 0.06 33.22 33.27
Electricite de France (EDF Group) France 33.25 33.25
DTE Energy USA 0.35 31.62 31.97
Glencore Switzerland 27.63 27.63
Evergy USA 25.54 25.54
WEC Energy Group USA 1.49 23.88 25.37
Alliant Energy USA 22.32 22.32
Black Hills USA 22.25 22.25
Fortis Canada 21.02 21.02
NRG Energy USA 17.03 17.03
ALLETE USA 15.93 15.93
Portland General Electric (PGE) USA 15.50 15.50
CenterPoint Energy USA 11.46 11.46
AES Corp USA 0.19 10.91 11.10
Taiwan Cement Taiwan 10.81 10.81
Enel Italy 4.10 6.65 10.75
NiSource USA 3.75 6.24 9.99
Great River Energy USA 9.64 9.64
OGE Energy USA 9.39 9.39
NorthWestern Corp USA 3.75 5.00 8.75
Formosa Plastics Taiwan 7.91 7.91
IDACORP USA 5.61 5.61
Energy Harbor USA 5.20 5.20
TransAlta Canada 5.17 5.17
Wanhua Chemical Group China 4.73 4.73
Emera Canada 2.74 2.74
Eskom Holdings South Africa 1.64 1.64
Gulf Power USA 1.25 1.25
CEZ Czech Republic 1.00 1.00
RWE Germany 0.90 0.90
China Energy Investment Corporation (China Energy/ CHN Energy) China 0.68 0.68
First Quantum Minerals Canada 0.62 0.62
NTPC India 0.51 0.51
Transnet SOC South Africa 0.31 0.31
Alliance Resource Partners USA 0.29 0.29
Adani Group India 0.24 0.24
CLP Holdings China (Hong Kong) 0.14 0.14
Daqin Railway China 0.03 0.03
State Development and Investment Corporation (SDIC) China 0.03 0.03
CONSOL Energy USA 0.03 0.03
Tenaga Nasional Berhad (TNB) Malaysia 0.02 0.02
Mitsubishi Japan 0.02 0.02

TOTAL (in US$ million)

Shareholding: 91.39
Bondholding: 3,637.78
Total: 3,729.17