Press Releases & Media Infos

On the day of RWE‘s annual general meeting, Amundi, the utility’s 7th biggest investor and one of the world’s biggest asset managers, has criticised the company‘s coal phase-out strategy as "at odds" with the 1.5°C Target of the Paris Climate Agreement. This criticism is part of a letter seen by Urgewald and its partner NGO Reclaim Finance that is addressed to RWE’s CEO Rolf Martin Schmitz and his designated successor and CFO Markus Krebber.

• World Bank-funded law firms hired by government also advised oil majors
• Parallels between Bank’s conflict of interest cases in Mozambique and Guyana
• World Bank funding required government to adopt new petroleum laws

• New report updates analysis of G20 public financing for energy projects
• Germany decreased support for fossil fuels, leading in clean energy finance    
• Still, Germany continues to provide a lifeline to fossil fuel projects

• Three US banks issued almost $40 billion in credit since 2015
• HSBC, Barclays and Société Générale Europe’s biggest financiers of oil giant
• Exxon heavily criticized for flaring 2 billion cubic feet of gas in Guyana

• China as a sponsor of coal amplifies environmental destruction in Bangladesh
• Coal infrastructure destroys safeguards against cyclones like Amphan
• NGOs call for focus on renewables in the Bangladesh-China economic corridor

• New research: Bank recently issued a loan for Exxon worth USD 132 million
• Bank is highly involved in coal expansion via Japanese companies
• Increasing green finance contradicted by loopholes in fossil exclusion policies