Press Releases & Media Infos

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.

• The company’s clinging to fossil business is not future-proof
• Siemens still plans to move forward with gas project in Israel against government decision
• Siemens provides financial services worth millions to oil and gas companies

• New report calls reveals extraordinary pollution, high mortality and illness rates
• Call for urgent measures against disastrous consequences of expanding coal production
• Up to 70% of Russia's coal is mined in Kuzbass region, mostly exported

• BlackRock CEO Larry Fink today published his annual letter to its clients, focusing for the second year in a row on climate announcements, including a request for all companies to adopt “net zero” compatible business plans

• China releases paper on International Development Cooperation in the New Era
• Vision on foreign aid does not exclude financing coal power plants
• NGOs criticize that economic assistance is not linked to principle of "Do no harm"

• New report reveals BlackRock’s high levels of coal exposure and climate inaction - with $85bn worth of assets managed by BlackRock invested in coal companies
• Findings come on anniversary of BlackRock CEO Larry Fink’s commitment to sustainability, and just days before Fink’s annual letter for 2021
• BlackRock coal policy affects just 17% of industry
• The policy applies to less than a third of BlackRock’s assets under management, as it ignores passive management