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• Exxon and Equinor announce $8 billion investment in Brazil’s pre-salt oil fields
• World Bank provided assistance to market investments in Brazil’s pre-salt oil fields
• First field in the pre-salt area to be developed by international oil companies
• World Bank-proposed new Climate Change Action Plan fails to end Bank policy-based lending that drives new fossil fuel investments

• Bank is a leading financier of global coal, oil and gas expansion
• ESG announcement lacks crucial steps to reduce bank’s fossil finance
• Bank will arrange IPO of German oil and gas company Wintershall DEA

One week ahead of its annual general meeting, Deutsche Bank has released a statement on ESG (environmental, social and governance) topics. Regine Richter, Finance Campaigner at Urgewald, commented on the bank's announcement.

• Uniper uses Energy Charter Treaty to stifle measures to combat climate crisis
• Energy utility’s fossil gas strategy incompatible with UN Climate Agreement
• Supply chain deals reveal weak Human Rights standards

• UK bank channeled $10 bill to coal industry between Oct 2018 and Oct 2020
• $5.3 bill of Standard Chartered’s coal finance went to coal plant developers
• Bank will only start significantly dropping coal clients in 2027

• Coal exclusion rules tightened, RWE increasingly likely to be dropped
• Allianz catches up with competitors in oil sands exclusion
• A lot remains to be done regarding the general exclusion of oil and gas