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New call on banks not to finance Galician Pulp mill

BankTrack’s Dodgy Deal launched today exposes the devastating environmental and social costs of the Altri-led mega-project.

A new profile of the controversial Gama pulp and paper factory proposed in Lugo, Galicia, has been published today by BankTrack in collaboration with the Environmental Paper Network (EPN) and Greenpeace Spain. The profile is presented in BankTrack’s ‘Dodgy Deal’ database, which collects information about harmful companies or projects financed by banks. This profile comes at a moment…

2025-05-29 | Santiago de Compostela | BankTrack, EPN, Greenpeace Spain

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New call on banks not to finance Galician Pulp mill

BankTrack’s Dodgy Deal launched today exposes the devastating environmental and social costs of the Altri-led mega-project.

2025-05-29 | Santiago de Compostela | BankTrack, EPN, Greenpeace Spain

Blog

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The NZBA has chosen the wrong side of history: what next for net-zero banking?

The UN-convened, bank-led coalition was never up to its task. It’s time for banks to demonstrate individual commitment.

BankTrack blog

2025-05-28 | Quentin Aubineau – BankTrack

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Raiffeisen Bank International to process Turkish gas payments to Russia: BankTrack and B4Ukraine response

2025-05-28 | BankTrack, B4Ukraine

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Big Four UK banks: Falling short on climate action?

A climate risk assessment of Barclays, HSBC, Lloyds, and NatWest

2025-05-28 | InfluenceMap

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New research: 2025 Southeast Asia fossil fuel divestment scorecard

2025-05-24 | Kuala Lumpur | Center for Energy, Ecology and Development (CEED), Center of Economic and Law Studies (CELIOS), Energy Shift Southeast Asia, People, RimbaWatch, WALHI

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Japanese megabank SMBC accused of fueling climate crisis in Bangladesh

The billion-dollar drain: Who's benefiting from SMBC’s power deals in Bangladesh?

2025-05-21 | Dhaka, Bangladesh | Coastal Livelihood and Environmental Action Network (CLEAN)

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Still banking on false solutions

BankTrack’s False Solutions Tracker shows that most of the 30 banks assessed count finance for harmful technologies towards their sustainable finance targets.

2025-05-20 | Nijmegen | BankTrack

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Glencore’s coal expansion fueled by European banks

2025-05-20 | Reclaim Finance

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Santander backed major South American deforester Cresud despite net zero pledge

Argentinean “agricultural real estate” company Cresud is responsible for deforestation three times the size of Madrid and significant carbon emissions

2025-05-15 | Argentina | Global Witness

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Upcoming events

May27

Meet-up 'Spreek je uit' ING

Dutch-language online event from Fossielvrij NL

Tue May 27 2025 8:00 PM - 9:00 PM (UTC+1) Online Meet up

Jun17

Banking on Climate Chaos 2025

Publication of the 2025 Banking on Climate Chaos report

Tue Jun 17 2025 7:00 AM (UTC)

Jul1

Still Banking on Coal 2025

Publication of the 2025 Still Banking on Coal report

Tue Jul 01 2025 12:00 AM (UTC)

All events

Spotlight

Tell JP Morgan Chase, Citi, and Bank of America: NEVER Finance Formosa Plastics’ Petrochemical Project in St. James!
JP Morgan Chase, Citi, and Bank of America are the top three financiers of fossil fuel projects in the world. The checks they write help industry come into our communities and make us sick. That’s why…

Read BankTrack's 2024 Annual Report
Our advocacy, successes and setbacks in the ongoing mission to hold commercial banks accountable for their role in financing the climate crisis, biodiversity collapse, and human rights violations.

Raiffeisen Bank International subsidiary still invested in sanctioned Russian entities, find BankTrack and B4Ukraine
Austrian banking group's Russian asset manager holds mutual funds with investments in Sberbank, Gazprom, government bonds

Target Dodgy Deals

Adani Group

India | company

Jadar lithium mine

Serbia | project

Perusahaan Listrik Negara (PT PLN)

Indonesia | company

Mozambique LNG

Mozambique | project

JSW Utkal Steel plant and captive coal power station

India | project

East African Crude Oil Pipeline (EACOP)

Uganda | project

ArcelorMittal

Luxembourg | company

Glencore

Switzerland | company

All Dodgy Deals

Focus banks

KCB Bank

Kenya

Kenya's KCB committed $200 million to the East African Crude Oil Pipeline (EACOP). When 11 peaceful activists attempted to deliver a letter about this, they were lured into a basement where they were ambushed and arrested on false charges.

Standard Chartered

United Kingdom

Held its AGM in early May, where campaigners called on the bank to set a robust energy transition plan and end finance for destructive projects in Mozambique & the Philippines. Read the AGM report here.

Sumitomo Mitsui Financial Group

Japan

A new report exposes SMBC's support for coal and fossil energy projects in Bangladesh. On World Otter Day, Market Forces highlighted the bank's continued fossil finance - bad news for nature, otters included.

Banco Santander

Spain

In May, a major Global Witness investigation found Santander financed major South American deforester Cresud, despite net zero pledges.

All banks

Campaigns and projects

Banks and Climate

Banks and Human Rights

Banks and Nature

All campaigns and projects

Latest publications

    
    BankTrack Annual Report 2024

                    2025-04-15 00:00:00
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                        BankTrack                    
                                    
    Burning the Bridge

                    2024-12-11 00:00:00
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                        BankTrack, B4Ukraine                    
                                    
    The BankTrack Global Human Rights Benchmark 2024

                    2024-11-27 00:00:00
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                        BankTrack                    
                                    
    Banking on biodiversity collapse 2024

                    2024-10-16 00:00:00
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                        Forest and Finance Coalition