Who are the Banks & Investors behind the Global Coal Plant Pipeline?

Despite global consensus about the need for a timely coal phase-out, new coal plants are still being planned or developed in 60 countries around the world. If built, these projects would add over 570 GW to the global coal plant fleet, an increase of 28%. Based on findings of the Global Energy Monitor, the 2019 GCEL identifies 258 Coal Plant Developers, with expansion plans of at least 300 MW. Over half of these companies are not traditional coal-based utilities, and are therefore often missed by financial institutions’ coal exclusion policies.

Together with our partners, Banktrack, Les Amis de la Terre, Re:common and RAN, Urgewald commissioned financial research by the Dutch research institute Profundo to identify the main financiers and investors of these Coal Plant Developers.

We found 505 global banks provided US$ 745 billion for expanding coal power companies through loans or underwriting services from 2017 – Q3 2019. And as of September 2019, 1922 investors are holding bonds and shares worth almost US$ 276 billion in coal plant developers.

Please browse the data below and find more information in our media briefing. A list of all Coal Plant Developers is available for download after login!

Detailed Methodology

 

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Cathay Financial

Taiwan
Company Country of HQ Shareholding (Mio $) Bondholding (Mio $) Total (Mio $) Sort ascending
Vale Brazil 0.05 722.83 722.88
Indonesia Asahan Aluminium Indonesia 161.63 161.63
Acwa Power Saudi Arabia 158.48 158.48
PLN (Persero) Indonesia 155.67 155.67
Formosa Plastics Group Taiwan 12.28 12.28
AES Corporation United States 0.22 3.58 3.80
Korea Electric Power (KEPCO) Indonesia 3.27 3.27
Eskom South Africa 1.64 1.64
China Huaneng Group China 1.24 1.24
First Quantum Minerals Canada 0.62 0.62
NTPC India 0.01 0.53 0.55
First Pacific Co Hong Kong 0.35 0.35
State Development and Investment Corporation (SDIC) China 0.05 0.05
Shaanxi Coal and Chemical Industry Group China 0.03 0.03
Mitsubishi Corporation Japan 0.02 0.02
Itochu Corporation Japan 0.02 0.02
Shanghai Electric Group Corp China 0.02 0.02
Zhejiang Provincial Energy Group China 0.02 0.02
China Datang Corporation China 0.01 0.01
Ayala Corporation Philippines 0.01 0.01
China National Coal Group Corp (Chinacoal) China 0.01 0.01
Larsen & Toubro India 0.01 0.01
Marubeni Corporation Japan 0.01 0.01
Tenaga Nasional Berhad (TNB) Malaysia 0.01 0.01
Mitsui & Co Australia 0.01 0.01
Sumitomo Corporation Japan 0.01 0.01
Nippon Steel & Sumitomo Metal Japan 0.00 0.00
Chubu Electric Power Japan 0.00 0.00
Kobe Steel Ltd Japan 0.00 0.00
Kansai Electric Power Co (Kepco) Japan 0.00 0.00
AGC Japan 0.00 0.00

TOTAL (in US$ million)

Shareholding: 14,41
Bondholding: 1.208,26
Total: 1.222,66