Press Releases & Media Infos

• 49% of the companies on 2021 GCEL still developing new coal assets
• Less than 5% of companies have announced a coal exit date

While Xi did not provide any further details, NGOs and affected communities are clear about how the word “build” should be filled with meaning: The country has to end all support for new coal projects abroad, in terms of ownership, engineering contracts, insurance and/or public or private financial support.

The Chinese government is systematically trying to channel into and anchor its view of universal human rights in international institutions such as the UN Human Rights Council. A joint project of the human rights organizations Amnesty International and Urgewald has therefore identified ten important terms or phrases used by the Chinese government that are already on their way to becoming new standards.

The banks involved are Bank of America and Citi from the US; Germany’s Commerzbank; Bank of China; and five Russian banks.

•    Wintershall Dea’s IPO delayed for undetermined amount of time
•    Deutsche Bank, Morgan Stanley, Goldman Sachs in talks for IPO
•    Wintershall engaged in controversial fossil business activities

Today, Allianz Global Investors (AllianzGI) released its first coal policy.[1] While implementing a coal policy was an important first step for the asset manager, the policy does not meet the standards needed for effective coal exclusion.