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Groundbreaking Research Reveals the Financiers of the Coal Industry

Frankfurt/New York/Paris/Tokio 25.02.2021
  • US investors hold 58% of institutional investments in the coal industry
  • Commercial banks providing more money to the coal industry than in 2016
  • Japanese banks are top lenders, Chinese banks top underwriters
Pressemitteilung

The German energy utility RWE is suing the Netherlands for its mandatory coal phase-out by 2030, seeking €1.4 billion in compensation on the basis of the controversial Energy Charter Treaty. In December 2019, the Dutch state had issued a coal phase-out, which would force RWE to stop burning coal in its Eemshaven power plant by the end of the decade. The environmental and human rights organisations Urgewald and Reclaim Finance call on RWE to withdraw the lawsuit and are asking investors to divest RWE for its repeated anti-climate action lobbying efforts.

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Kontakt

    Bild Anprechpartner   Moritz Schröder-Therre

    Moritz Schröder-Therre
    Pressesprecher
    moritz [at] urgewald.org
    +49 152 21579977

    Bild Anprechpartner   Dr. Ognyan Seizov

    Dr. Ognyan Seizov
    Leiter Internationale Kommunikation
    ognyan.seizov [at] urgewald.org
    +49 (0)30 863 2922-61

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