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Paris, April 21st 2021 - Reclaim Finance has today released the first edition of a scorecard on leading asset managers’ climate commitments, focusing on their approach to the coal sector (1). Produced with four partner NGOs from across Europe and North America,* the report compares 29 asset managers, with a focus on the European market (2). The authors reveal that despite 16 asset managers holding long-term climate commitments, nearly all are failing to take the first step to making them a reality: exiting coal.

• Nord Stream 2 would cause CO2 emissions of 100 mill tons per year
• Renewed calls to halt construction following Russian military movements
• Decreasing gas demand in Europe may turn pipeline into stranded asset

• Dossier: Airbus profits from wars, human rights violations and militarized borders
• Turkey flies Airbus A400Ms to Libya and Azerbaijan despite embargoes
• Brazil's police shoots at residential areas from Airbus helicopters

• Canadian company threatens to take legal action against Campaigners
• Reaction on letter to Trudeau and other Canadian politicians on LNG subsidies
• Energy utilities Fortum and Uniper involved in Pieridae‘s LNG business

Today, more than 140 civil society organizations, among them Urgewald, have published an open letter to the World Bank Group. [1] In the letter, which is addressed to the World Bank’s President, David Malpass, the undersigned NGOs and individuals call on the World Bank Group to immediately adopt a commitment to end all types of support for all fossil fuels.

The French insurance company AXA has denied a bid by the German energy utility RWE to remain its customer. AXA announced the full exclusion of services for the German energy utility RWE by the end of next year. Sebastian Roetters, Energy Campaigner at the Environmental Nonprofit Group Urgewald, said: "AXA has taken a consistent stance on RWE’s climate-wrecking activities that other financial institutions should follow. (...)