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

 

Choose Investor

Royal Bank of Canada

Canada
Company Country of HQ Shareholding (Mio $) Bondholding (Mio $) Total (Mio $) Sort ascending
First Quantum Minerals Canada 67.59 16.00 83.59
AES Corporation United States 23.81 34.32 58.13
Mitsubishi Corporation Japan 35.81 35.81
PLN (Persero) Indonesia 29.45 29.45
Chubu Electric Power Japan 27.63 27.63
Korea Electric Power (KEPCO) Indonesia 26.09 26.09
Eskom South Africa 22.98 22.98
CLP Holdings Hong Kong 19.54 19.54
Kyushu Electric Power Japan 0.63 14.88 15.51
Indonesia Asahan Aluminium Indonesia 12.81 12.81
Rushydro Russia 11.95 11.95
China Resources Power China 9.17 9.17
NTPC India 8.28 8.28
Inter Rao Russia 8.19 8.19
Vale Brazil 1.99 4.10 6.09
POSCO South Korea 5.74 5.74
Bukit Asam Indonesia 4.80 4.80
YTL Power International Malaysia 0.07 4.32 4.39
Fortum Oyj Finland 3.21 3.21
China Petrochemical Group (Sinopec Group) China 3.11 3.11
Marubeni Corporation Japan 2.87 2.87
Nippon Steel & Sumitomo Metal Japan 2.60 2.60
Rural Power Company Limited (RPCL) Bangladesh 2.40 2.40
China Huaneng Group China 1.96 1.96
Power Finance Corporation India 0.46 1.22 1.68
Genting Group Malaysia 1.61 1.61
China National Machinery Industry Corp (Sinomach) China 1.55 1.55
Tenaga Nasional Berhad (TNB) Malaysia 1.23 1.23
Tohoku Electric Power Japan 0.74 0.74
Larsen & Toubro India 0.73 0.73
Polska Grupa Energetyczna (PGE) Poland 0.45 0.45
Formosa Plastics Group Taiwan 0.29 0.29
Sumitomo Corporation Japan 0.26 0.26
AGC Japan 0.23 0.23
Itochu Corporation Japan 0.17 0.17
Manila Electric Co (Meralco) Philippines 0.10 0.10
Aboitiz Equity Ventures Philippines 0.10 0.10
Mitsui & Co Australia 0.09 0.09
Chugoku Electric Power Japan 0.09 0.09
Shaanxi Coal and Chemical Industry Group China 0.06 0.06
DMCI Holdings Philippines 0.06 0.06
Uniper Germany 0.01 0.01
Tauron Polska Energia Poland 0.01 0.01

TOTAL (in US$ million)

Shareholding: 249,13
Bondholding: 166,65
Total: 415,78