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On April 16th, the German utility Uniper announced it was filing a compensation claim against the Dutch state under the Energy Charter Treaty framework (ECT). After RWE had filed a similar claim in February, Uniper is now the second company to use the ECT to sue the Netherlands over its Paris-aligned coal exit. Both RWE as well as Uniper’s majority owner, the Finnish state utility Fortum, will hold their annual general meetings tomorrow. The companies are expected to face critical questions about their use of the paralegal arbitration framework in order to obtain exaggerated compensation for fossil assets.

Today, in the lead up to President Biden’s Climate Summit, the U.S. International Development Finance Corporation (DFC) announced it will be net zero by 2040. 

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