Press Release NGOs Release the 2020 Global Coal Exit List: 935 Companies that Banks, Investors and Insurers Need to Avoid Berlin | November 12th 2020 , Almost half of the companies featured on the 2020 GCEL are in expansion mode Less than 25 companies on the list have adopted a coal phase-out date More than 500 GW of new coal-fired capacity are still in the global pipeline
Press Release Coal Moratorium in the Philippines Could Herald Energy Transition in Asia Manila | October 30th 2020 , Department of energy announced moratorium on new coal plants This could result in the cancellation of over 13 GW of new coal plants Philippines currently have world’s 7th biggest coal plant pipeline
Press Release Documentary Release: Exxon, The World Bank, and One of the Biggest Oil Discoveries of our Time Berlin, Washington D.C. | October 16th 2020 , Documentary sheds light on World Bank activities in Guyana The Bank got involved following one of the biggest crude discoveries of our time Exxon and a dozen other oil companies are hoping to extract more than 8 billion barrels of oil
Press Release World Bank Annual Meeting: Bank invested over $10.5 billion in fossil fuels since Paris Agreement Berlin, Washington D.C. | October 12th 2020 , World Bank provides assistance and finance for fossils despite climate pledge Energy transition too slow to avert climate crisis Ongoing fossil fuel investments push world past 1.5°C global warming
Press Release IFC adopts Urgewald’s Global Coal Exit List and recommends list to all its clients Washington D.C., Berlin | September 21st 2020 , IFC has vowed to adopt the NGO’s coal exit criteria for Green Equity Approach The corporation urges clients to screen their coal exposure against the list Similar exit from oil and gas must follow immediately
Press Release New analysis tool sheds light on financial institutions' coal policies Paris, Berlin , 08.09.2020 Climate finance experts reveal major loopholes in hundreds of financial institutions' coal policies New online tool exposes banks, insurers, asset owners and asset managers with no restrictions on coal Weak policies could lead to expansion of coal industry if left unchecked