Press Releases & Media Infos

• US investors hold 58% of institutional investments in the coal industry
• Commercial banks providing more money to the coal industry than in 2016
• Japanese banks are top lenders, Chinese banks top underwriters

• Company disregards due diligence on human rights, clings to fossils
• International legal concerns: Norway’s largest private asset manager excludes Siemens Energy
• Gas turbines for LNG-Project in conflict area in Mozambique

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