Welcome to the Urgewald media center

• China as a sponsor of coal amplifies environmental destruction in Bangladesh
• Coal infrastructure destroys safeguards against cyclones like Amphan
• NGOs call for focus on renewables in the Bangladesh-China economic corridor

• New research: Bank recently issued a loan for Exxon worth USD 132 million
• Bank is highly involved in coal expansion via Japanese companies
• Increasing green finance contradicted by loopholes in fossil exclusion policies

Seven oil companies excluded for producing unacceptable levels of emissions
Five coal companies excluded for surpassing coal production thresholds
Four companies placed on observation list for potential future exclusion

Invitation to Digital Press Conference on May 18^th

Two days before the leading German private bank Deutsche Bank holds its annual general meeting, Urgewald, together with experts from Guyana and Japan, will shed light on recent fossil financing projects of the bank that contradict its commitment to the Paris Climate Accord.

Barclays has invested $118 billion in fossil fuels since Paris Agreement
The bank is Europe’s biggest investor in fossil fuel companies
Standard Chartered is UK bank with biggest investments in coal companies

World’s second-largest insurer excludes coal companies from 2023 on
Companies with 25% coal share of revenue or 50 mill annual production affected
Allianz catches up with AXA, but doesn’t overtake this time