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Three years after attempted coup, international banks still ignore the junta’s violent capture of the Myanmar-China pipelines

This story was produced in collaboration with local partners who can not be named for safety reasons. February 1st 2024 marks the third anniversary of the attempted coup d’etat by the Myanmar military junta. The military junta has inflicted extreme suffering on the people of Myanmar and has caused a humanitarian and economic crisis. The constant and mass resistance to the military’s…
2024-02-01 | BankTrack
Blog
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Three years after attempted coup, international banks still ignore the junta’s violent capture of the Myanmar-China pipelines

BankTrack blog
2024-02-01 | BankTrack
Blog
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EU Due Diligence Directive deal: a missed opportunity to advance better outcomes for people adversely affected by bank finance

BankTrack blog
2024-01-25 | Nijmegen, Netherlands | Giulia Barbos – BankTrack
Blog
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Coal Havens - Asia’s biggest banks still open for coal business after COP28

The largest banks in India and Indonesia – global hotspots of the coal industry's growth – have no coal exclusion policy
2024-01-23 | Will O'Sullivan – BankTrack
Blog
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First Shell, now it's ING's turn: Friends of the Earth Netherlands is starting a new climate lawsuit

2024-01-22 | Amsterdam | Milieudefensie
Blog
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Civil society groups file OECD complaint against Swiss and UK banks over private prison stock

Complaint specifies breaches of OECD Guidelines that have led to gross human rights violations
2024-01-16 | New York and Nijmegen | BankTrack, Coalition for Immigrant Freedom, Worth Rises
Blog
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Decarbonizing steel: ING first bank to act

2024-01-09 | BankTrack, Reclaim Finance
Blog
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POSCO is relining coal-based steel furnaces to prolong their lifetimes. This jeopardises its financiers' climate commitments.

Financiers of POSCO should be wary of capital expenditures that are misaligned with climate commitments
BankTrack blog
2023-12-18 | Julia Hovenier – BankTrack
Blog
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Crédit Agricole advances on climate change, but drags its feet

Despite the adoption of ambitious decarbonization targets, the French bank has allowed room to finance new fossil fuel infrastructure projects such as liquefied natural gas (LNG) terminals, as well as companies developing new oil and gas fields or infrastructure. 
2023-12-14 | Paris | Reclaim Finance
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96 civil society organizations call upon banks to help stop and reverse the biodiversity crisis

2023-12-14 | Washington DC | BankTrack, Banks & Biodiversity, Friends of the Earth US
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Take action
Stop Barclays Bankrolling Genocide & Apartheid
Take Action with War on Want
Stop the Flow of Money to Oil Company Petroperú!
Join in solidarity with Indigenous Wampís, Achuar, and Chapra nations and send an email to bank executives and representatives demanding a public commitment to end financing of oil company Petroperú!…
A complaint about the Equator Principles?
If you have a complaint about a project financed under the Equator Principles, you can complete the form on this page to tell us about it
Target Dodgy Deals

GEO Group

United States | company

CoreCivic

United States | company

Mozambique LNG

Mozambique | project

Whitehaven Coal

Australia | company

East African Crude Oil Pipeline (EACOP)

Uganda | project

POSCO Holdings

South Korea | company

JBS

Brazil | company

Simandou Iron Ore Project

Guinea | project
All Dodgy Deals
Focus banks

ING

Netherlands

Milieudefensie announced in January that it would be launching a lawsuit against ING demanding the bank halves its emissions in 2030 compared to 2019.

Mitsubishi UFJ Financial Group (MUFG)

Japan

In a new report by Reclaim Finance, MUFG was named the largest bank financier of metallurgical coal developers, providing USD 21.2 billion between 2016 and 2023.  

Raiffeisen Bank International

Austria

The largest international bank remaining in Russia, generating half its profits there and resisting calls to withdraw. 

Crédit Agricole

France

Announced a new target for reduction of financed emissions linked to oil & gas - but without guaranteeing an end to support for companies expanding the sector. See the Reclaim Finance reaction here.

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Campaigns and projects

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Latest publications
Coal Havens
2024-01-23 00:00:00 | BankTrack
Still bankrolling coal (for steel)
2023-10-10 00:00:00 | Julia Hovenier, BankTrack
Barclays' bond with Adani
2023-09-18 00:00:00 | Banktrack & Toxic Bonds Network
How Barclays, one of the Adani Group's most loyal banks, must cease facilitating Adani's access to capital for the sake of the climate, human rights - and Barcalys' own good
How should financiers align with the Global Biodiversity Framework? Five Key Principles
2023-06-26 00:00:00 | BankTrack, Bank Information Centre (BIC), Friends of the Earth US, Rainforest Action Network (RAN)
All publications
External News
Asia’s top banks are still financing coal due to massive loopholes: report
2024-01-23 00:00:00
|
Eco-Business
Most euro zone banks face risk from climate complacency, ECB finds
2024-01-23 00:00:00
|
Reuters
A rush for ‘green’ iron is on in Guinea. Will chimpanzees be a casualty?
2024-01-17 00:00:00
|
Mongabay
Eacop partners race against time to close $3bn financing deal with China lenders
2024-01-15 00:00:00
|
The East African
Raiffeisen finds risky way to cut Russia exit cost
2023-12-20 00:00:00
|
Reuters
Environmentalists to take legal action against North Sea oilfield project
2023-12-18 00:00:00
|
Financial Times
Total Uganda: 42 families expropriated in a summary trial
2023-12-15 00:00:00
|
Justice Info
The GEO Group Amends Senior Revolving Credit Facility
2023-12-14 00:00:00
|
GEO Group
All external news
Website updates
On 2024-02-01 16:46:10 we updated the Natixis bank page.
On 2024-02-01 15:35:31 we updated the Canadian Imperial Bank of Commerce (CIBC) bank page.
On 2024-02-01 15:06:04 we updated the CaixaBank bank page.
On 2024-02-01 15:02:49 we updated the DZ Bank bank page.
On 2024-02-01 14:08:33 we updated the Bank of Montreal (BMO) bank page.

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Financial Exclusions Tracker Equator-Complaints.Org Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
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