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Bankrolling Climate Change - Report

Dodgy Deals

Bankrolling Climate Change (2011) is a research study produced by BankTrack, urgewald, groundwork, and Earthlife Africa.  It presents an analysis of the portfolios of 93 leading commercial banks, particularly looking at their investments in the coal industry.

The following three charts provide a general overview on some of the findings of the report.  It is evident from the first table that the majority of coal financing is provided via investment banking and corporate loans, comprising a total of 88% of mapped investments.  Project financing plays a more negligible role, accounting for only 1% of mapped investments.


Chart 1


Another important figure to observe is the overall rise of banks' investments into the coal sector.  Since 2005, the 93 banks tracked in this report provided a staggering 232 billion Euros in financing.  From the graph below we can see that the amount of financing has fluctuated between 2005 and 2010.  However, since 2005 (the year the Kyoto Protocol came into effect), bank investments into the coal sector have on the whole significantly increased.


Chart 2


Approximately 74% of the total 232 billion Euro financing comes from the 20 banks seen in the below chart, the world top 20 "climate killer banks".  Well-known institutions such as Barclays, Morgan Stanley, Goldman Sachs, Citi, and Credit Suisse are part of this group that has provided nearly 171 billion Euros to the coal industry.  This figure is in contrast to the banks' rhetoric and alleged commitment to tackling climate change.  Clearly the banks are not ‘putting their money where their mouth is.'



Chart 3

Back to Banks and Coal

Bank of China
Bank of China is one of China's Big Four joint-stock commercial banks.  Bank of China offers commercial banking, investment banking, insurance, asset management, aircraft…
China Construction Bank
China Construction Bank (CCB) is one of China's Big Four joint-stock commercial banks. In 2014 CCB was the third largest bank in the world by assets. It operates a network…
Deutsche Bank
Deutsche Bank was founded in 1870 and is a leading global investment bank. It has operations throughout the world and has a strong presence in Germany and Europe. The bank´s…
Goldman Sachs
Goldman Sachs (NYSE: GS) was founded in 1869 and is a leading global financial services firm that is headquartered in New York.  It provides an array of financing…
ICBC is a joint-stock commercial bank based in the People's Republic of China.  Founded in 1984, ICBC overtook Citi to become the world's largest bank by asset…
Morgan Stanley
Morgan Stanley was one of the four investment banks that for decades ruled on Wall Street (with Lehman, Merril Lynch, JPMorgan Chase). The corporation, founded by Henry S.…
Modern UBS was formed through a merger of the Union Bank of Switzerland and the Swiss Bank Corporation in June 1998.  UBS is headquartered in Zurich and Basel and it…
Alpha Coal project
The Alpha Coal project is a A$6 billion coal mine and export project that is proposed to be constructed in Queensland, Australia. The black thermal coal mine and associated…
Kusile coal power plant
South Africa
The Kusile coal fired power plant project is located in the province of Mpumalanga, in South Africa. With 4800MW, it will be one of the largest power plants of its kind in…
Medupi coal power plant
South Africa
The Medupi Power Station is a coal-fired power plant currently under construction in Lephalale, South Africa. The project comprises six 800 megawatt (MW) units to be provide…
Mountain top removal coal mining
United States
Mountain top removal (MTR) mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1000 feet off the tops of mountains order to…
Phulbari coal mine
The Phulbari coal project is a proposed open pit coal mine in northwest Bangladesh and includes the construction of at least one 500-MW power plant. At full production about…
TES 6 coal power plant
Šoštanj in North Slovenia 30km from the Austrian border, is the location of an existing lignite-fired power plant - Termoelektrarna Šoštanj or…
check dodgy deals on record
Coal India
Coal India is the biggest coal producer worldwide, owned by the government of India. It was created in the 1970's, when India's coal minging industry was nationalised in…
E.ON is one of the world's largest investor-owned power and gas companies. It owns major asset positions in the U.S., Russia, Brazil, Germany, the United Kingdom, Sweden,…
South Africa
Eskom is the world's eleventh-largest power utility in terms of generating capacity and ranks ninth in terms of sales. In 2011 it had an installed generating capacity of…
GDF Suez
GDF SUEZ is the largest independent power producer in the world. In 2013 it operated 600 power plants worldwide. It had 113.7 GW of installed power production capacity and…
Rio Tinto
Rio Tinto is a mining and exploration company involved in each stage of metal and mineral production and processing. Rio Tinto is one of the largest publicly listed mining…
RWE is Europe's second largest electricity generator and one of Europe's five leading gas and electricity companies. Founded in 1898, the company is active in the generation,…
Sweden's state-owned Vattenfall is Europe's sixth largest generator of electricity and largest producer of heat. In 2013, Vattenfall's total installed capacity across all…
2012 2011
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