Banks| Policies| Dodgy Deals| Campaigns
About us| Blog| Publications| Successes| Contact us| Donate
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2022-06-02 00:00:00
GFANZ must tighten the screw on fossil fuel expansion
2022-05-19 00:00:00
BNP Paribas and Société Générale: stop financing climate destruction and human rights abuses
2022-05-04 00:00:00
Barclays is big on beef and burning
2022-05-04 00:00:00
Standard Chartered’s 2022 AGM dominated by shareholder alarm over fossil financing
2022-05-20 15:14:47
Seven financiers abandon TotalEnergies' EACOP pipeline in a week
2021-12-16 13:33:02
Cambo oil field "paused" following pressure on Shell & banks
2021-12-16 13:04:42
Equator Principles improve transparency after BankTrack shows the way
2021-11-02 11:03:26
ANZ launches human rights grievance mechanism in a first for the global banking sector
Connect
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
2022-03-08 00:00:00
BankTrack Annual Report 2021
2022-03-03 00:00:00
Locked out of a Just Transition: fossil fuel financing in Africa
2021-12-14 00:00:00
Actions speak louder: Assessing bank responses to human rights violations
2021-10-26 00:00:00
Equator Compliant Climate Destruction: How banks finance fossil fuels under the Equator Principles
See all publications
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Home › News
BNP Paribas, Deutsche Bank and ING invest €1.34 billion in coal
FairFin, Climaxi and BankTrack ask for green investments
Start
Banks
Dodgy Deals

By: FairFin
2014-06-03
Brussels

Contact:

Frank Vanaerschot, frank@fairfin.be 0487-671627


Share this page:

Go to:
Start
Related Banks
Related Dodgy Deals

President Obama has taken an important step to confront climate change. The goal to reduce carbon emissions by 30% in 2030 will put a lot of pressure on the coal industry, as it provides for almost half of US electricity generation. The dependency on coal has to be cut back in Europe as well. FairFin, Climaxi and BankTrack ask banks to take their responsability.

Who thinks coal is a case of far away or long ago, is mistaken. In Europe alone, 71 new (!) coal plants are planned. This despite the fact that coal is one of the most polluting ways  of generating energy. Moreover, a choice for coal blocks the transition to a green energy provision.

"We are here to protect public health and the environment," says EPA Administrator Gina McCarthy. The US wants to set an example in the world and shows that this can only be done by taking difficult decisions that force the industry to change. If the US can do it, why can't Europe?  

Five banks active in Belgium invest €1.38 billion in coal

The choice for coal is largely maintained by investments made by 'our' banks in coal companies like RWE, Vattenfall and PGE. BNP Paribas invests €668.2 million in those three companies, Deutsche Bank €575.4 million, ING €98.6 million, Belfius €26.5 million and KBC €17 million.

FairFin, Climaxi and BankTrack call on banks to stop funding new coal plants, invest in renewable energy, create proper sustainable savings and investment products, provide cheap credit to green projects and only call their services or products 'green' or 'sustainable' if they can prove they are.

Action plant a power plant

Bank clients can ask for 'seed bombs' at the FairFin office, which they can plant near the banks investing in coal. The banks' gardens will soon blossom in beauty, hopefully their investments will as well.  

Investments in coal by banks active in Belgium

Banking on Coal Report, 2013

Join in?

- Ask Your Bank For A Proper Sustainable Policy

- Plant a power plant

Normal 0 21 false false false NL-BE X-NONE X-NONE

Normal 0 21 false false false NL-BE X-NONE X-NONE

Go to:
Start
Related Banks
Related Dodgy Deals

Related banks

Belfius Belgium

active

BNP Paribas Fortis Belgium

active

Deutsche Bank Germany

active

ING Netherlands

active

KBC Belgium

active
Go to:
Start
Related Banks
Related Dodgy Deals

Related Dodgy Deals

Companies

active

Polska Grupa Energetyczna (PGE) Poland

Biomass Electric Power Generation | Coal Electric Power Generation | Coal Mining | Nuclear Electric Power Generation
active

RWE Germany

Biomass Electric Power Generation | Coal Electric Power Generation | Coal Mining | Commodities Trading | Nuclear Electric Power Generation | Solar Electric Power Generation | Wind Electric Power Generation
active

Vattenfall Sweden

Biomass Electric Power Generation | Coal Electric Power Generation | Coal Mining | Hydroelectric Power Generation | Mining | Nuclear Electric Power Generation | Solar Electric Power Generation | Wind Electric Power Generation
There are no companies active for this item now.
Browse
Home
Banks
Policies
Dodgy Deals
Campaigns
About
About BankTrack
Donate
Contact BankTrack
Publications
Victories
Follow Us
News
BankTrack blog
Facebook
Twitter Fossil Banks No Thanks Twitter Fossil Banks No Thanks Instagram
Affiliate Websites
Fossil Banks No Thanks
StopEACOP
Forests & Finance
Banks & Biodiversity
Drop JBS
Bank of Coal
Don't Buy into Occupation
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted