Press Releases & Media Infos

Urgewald’s director Heffa Schuecking says:

„We are extremely happy to have convinced Crédit Mutuel to take this important step. They are now setting the benchmark for a consistent coal exit. Once again, it is one of the smaller banks that leads the way in terms of efficient climate action. (...)”

• New policy ignores section of coal industry with highest CO2 emissions
• Some of the world's largest coal producers not affected
• BlackRock still biggest investor in coal plant developers

Japanese and European banks top lenders, Chinese banks top underwriters

US companies biggest institutional investors in the coal plant pipeline

French global insurer AXA has put European coal companies on notice that they should publish coal phase out plans compatible with the UN Paris clima-te agreement by 2021, announcing today that it will totally phase out its insu-rance and investment exposure to coal by 2030 in the EU and OECD countries, and by 2040 everywhere else.

NGO Research: Majority of coal companies on expansion course

Many coal plant developers missed by exclusion policies

Investors representing US$ 10 trillion using GCEL’s divestment criteria

•    New Study: $1.6 Bn Invested in Fossil Fuels

•    Clear Contradictions to Bank’s Ambitions: "Clean & Green"

•    People from Affected Countries Warn of Harmful Projects