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Climate breakthrough as string of banks dump coal financing

2015 |
By: BankTrack
2015 |
By: BankTrack

In May, Bank of America and Crédit Agricole became the first major banks to announce plans to stop financing coal mining. These announcements marked a hugely significant win and a breakthrough moment in the fight to end financing for the coal industry. The second half of 2015, in the run-up to the make-or-break UN climate change conference in Paris, then saw important coal finance restrictions being announced by institutions including Citi, Natixis, Goldman Sachs, Société Générale, BNP Paribas, ING and RBS. All these moves are captured here – significantly, a number of banks have chosen not just to get out of coal mining, but are also extending into ending their support for coal power. 

Banks

Bank of America

United States
Active

BNP Paribas

France
Active

Citi

United States
Active

Crédit Agricole

France
Active

Goldman Sachs

United States
Active

ING

Netherlands
Active

Natixis

France
Active

NatWest Group

United Kingdom
Active

Société Générale

France
Active
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