Finance & Economics

Extreme Investments, Extreme Consequences: coal finance report card

This report assesses the impacts of the banking industry’s investments in the coal industry on human health, the environment, as well as the financial risk exposure for banks. These extreme investments have yielded extreme consequences ranging from spills of coal ash that contaminated public water supplies to bankruptcies that left banks on the hook for hundreds of millions of dollars.

European countries talk climate… but finance coal

For the period 2007-2013 European countries still massively financed coal overseas, lending a total of $7 billion to coal projects despite several countries claiming to be climate leaders. In this briefing paper, WWF calls on European countries to immediately and publicly end their support for coal financing through multilateral development banks, national development finance institutions and export credit agencies. The report gives a good summary of the coal ban policies recently adopted by several international financial institutions and governments.

Banking while Borneo Burns: How the UK financial sector is bankrolling Indonesia’s fossil fuel boom

Indonesia is the world’s largest exporter of thermal coal, with the industry centred in Kalimantan, the Indonesian part of the island of Borneo. This boom has failed to benefit the people of Indonesia, with one third of the people in the country’s biggest coal producing province without reliable electricity. This report by exposes how the UK financial sector is bankrolling the destruction of Kalimantan.

Stranded Down Under? Environment related factors changing China’s demand for coal and what this means for Australian coal assets

This report from the University of Oxford argues that investors, businesses and communities, as well as state governments and the federal government in Australia, could be affected by a slowdown in China’s demand for coal. This changing demand and lower prices could result in stranded coal assets or increase the risk of asset stranding in Australia.