Top 20 Banks financing coal fired electricity and coal mining since 2005
“In total, research identified 1405 transactions involving 93 different banks. The total value of coal financing provided by these banks since 2005 (the year the Kyoto Protocol came into force) amounts to 232 billion Euro”
Until now, little was known about banks’ role and responsibility for global warming. While most large commercial banks provide figures on their annual investments into renewable energy, they neither track nor publish their annual investments into fossil fuel projects. Many banks have made far reaching statements on climate, but are they putting their money where their mouth is?
This study presents new research on the portfolios of 93 of the world’s leading banks. It examines their lending for the coal industry, the prime source of global CO2 emissions. It provides the first comprehensive climate
ranking for financial institutions and identifies the top “climate killers” in the banking world.