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Met coal: financial institutions’ missing policies

Since 2016, the world’s biggest banks have provided US$ 557 billion in finance to the 50 biggest developers in the metallurgical sector

Financial institutions are still financing the production of highly polluting metallurgical coal, used in steel manufacturing, rather than prioritising lower-emission alternatives. With coal phase-outs a key topic at COP28 in Dubai, Reclaim Finance’s new report highlights financial institutions’ failure to commit to the necessary action on met coal, even though they have made commitments…

2023-11-23 | Reclaim Finance

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BankTrack news BankTrack blog Partner news Partner blog

Met coal: financial institutions’ missing policies

Since 2016, the world’s biggest banks have provided US$ 557 billion in finance to the 50 biggest developers in the metallurgical sector

2023-11-23 | Reclaim Finance

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Europe’s top 20 banks need to be clearer, cleaner and greener

Europe’s largest banks’ green finance targets and reporting risk misleading customers and investors – new ShareAction research

2023-11-22 | ShareAction

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Israel-Hamas conflict: Banks must avoid complicity in human rights violations

2023-11-21 | Nijmegen, Netherlands | BankTrack

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Global protests call on China to reject destructive East African Oil Pipeline

2023-11-20 | Kampala, Uganda | BankTrack, #StopEACOP, 350.org Africa

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West Cumbria Coal Mine: dodgy mine, dodgier financier

Partner blog

2023-11-20 | Reclaim Finance

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How cool is your bank?

Just Share has published a new report: How cool is your bank? An analysis of how South Africa’s big five banks understand and manage climate risk

2023-11-20 | Just Share

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124 civil society organisations call on financial institutions to withdraw support for TotalEnergies’ Mozambique LNG project

2023-11-17 | BankTrack, and partners, Justiça Ambiental (JA!)/Friends of the Earth Mozambique, Les Amis de la Terre France, Milieudefensie, Reclaim Finance, ReCommon

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Major European banks back mining giant Glencore's toxic legacy in Colombia and Peru

2023-11-16 | Censat, Cinep, CooperAcción, Fair Finance International, Oxfam

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The financial institutions behind the worst fossil fuel bonds in 2023

2023-11-16 | Reclaim Finance

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Take action

Stop finance for Whitehaven’s coal expansion
Send a message to the banks funding Whitehave​n: Jefferies and Bank of America + other potential bankers Citi, Goldman Sachs, JP Morgan Chase, Mizuho, Morgan Stanley, SMBC. 

Check out the new Financial Exclusion Tracker
Knowing which companies have been excluded from finance, and why, is critical.

Israel-Hamas conflict: Banks must avoid complicity in human rights violations
Read BankTrack's statement and support the call for a #CeasefireNow

Target Dodgy Deals

East African Crude Oil Pipeline (EACOP)

Uganda | project

Abu Dhabi National Oil Company (ADNOC)

United Arab Emirates | company

Simandou Iron Ore Project

Guinea | project

Mozambique LNG

Mozambique | project

Rosebank

United Kingdom | project

POSCO Holdings

South Korea | company

JBS

Brazil | company

Whitehaven Coal

Australia | company

All Dodgy Deals

Focus banks

ANZ

Australia

In a major new climate litigation case, ANZ is being sued by a shareholder over concerns "the bank may not be properly managing the twin risks of climate change and biodiversity loss." Learn more here.

Citi

United States

A new campaign is pressuring the world’s second largest fossil fuel financier to go Fossil Free.

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.

Bank of America

United States

A new report from RAN sets out Bank of America's complicity in fossil fuel expansion and related human rights abuses.

All banks

Campaigns and projects

Banks and Climate

Banks and Human Rights

Banks and Nature

Banks and Pandemics

All campaigns and projects

Latest publications

    
    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)                    
                                    
    Banking on Climate Chaos 2023

                    2023-04-13 00:00:00
                     |
                    
                        Rainforest Action Network, BankTrack,  Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald