We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 17 February 22
MAJOR INSTITUTIONS PROVIDED OVER $1.5 TRLN TO COAL SECTOR IN 2019-2021, SAYS NGO GROUP - REUTERS
Financial institutions channelled more than $1.5 trillion into the coal industry in loans and underwriting from January 2019 to November 2021, even though many have made net-zero pledges, a report by a group of 28 non-government organisations showed.
Reducing coal use is a key part of global efforts to slash climate-warming greenhouse gases and bring emissions down to “net zero” by the middle of the century, and governments, firms and financial institutions across the world have pledged to take action.
But banks continue to fund 1,032 firms involved in the mining, trading, transportation and utilisation of coal, the research showed.
“Banks like to argue that they want to help their coal clients transition, but the reality is that almost none of these companies are transitioning,” said Katrin Ganswind, head of financial research at German environmental group Urgewald, which led the research. “And they have little incentive to do so as long as bankers continue writing them blank checks.”
The study said banks from six countries – China, the United States, Japan, India, Britain and Canada – were responsible for 86% of global coal financing over the period.
Direct loans amounted to $373 billion, with Japanese banks Mizuho Financial 8411.T, Mitsubishi UFJ Financial 8306.T – both members of the Net Zero Banking Alliance – identified as the two biggest lenders. Neither firm responded immediately to requests for comment.
Another $1.2 trillion was channelled to coal firms via underwriting. All of the top 10 underwriters were Chinese, with the Industrial and Commercial Bank of China 601398.SS (ICBC) in first place, accounting for $57 billion. It did not respond to a request for comment.
Institutional investments in coal firms over the period amounted to $469 billion, with BlackRock BLK.N at the top of the list with $34 billion. The U.S. asset manager declined to comment on Tuesday, but chief executive Larry Fink wrote in January that “divesting from entire sectors… will not get the world to net zero.”
“Foresighted companies across a wide range of carbon intensive sectors are transforming their businesses, and their actions are a critical part of decarbonisation,” he wrote in a letter to fellow chief executives.
Comparative coal funding figures for previous years were not immediately available. Other research studies, however, have shown that coal investment is on the decline.
The coal sector is responsible for nearly half of global greenhouse gas emissions. More than 40 countries pledged to end coal use following climate talks in Glasgow in November, though major consumers such as China, India and the United States did not sign up.
But more China-invested overseas coal-fired power capacity was cancelled than commissioned since 2017, according to research from the Centre for Research on Energy and Clean Air (CREA) last June.
Furthermore, nearly all internationally available development financing is now committed to reducing or ending investment in coal-fired power after moves by China and the G20 to stop supporting new projects overseas, research from Boston University’s Global Development Policy Center showed in November.
Source: Reuters
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 30 June 22
FINANCIAL GAINS SUPPORT COAL TRANSITION - BALTIC EXCHANGE
Support for the shift away from coal dependency continues to mount, with the International Monetary Fund (IMF) calculating that the move would gene ...
Thursday, 30 June 22
WHY ARE LNG SHIPPING STOCKS RESILIENT? - DREWRY
LNG shipping stocks are proving resilient despite uncertainties about growth in global GDP, high inflation and the ongoing geopolitical crisis caus ...
Thursday, 30 June 22
SPOT AUSTRALIAN THERMAL COAL HAS SURGED, BUT CONTRACT PRICE IS KEY - REUTERS
The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market ...
Thursday, 30 June 22
SHANXI PROVINCE RAISES ANNUAL COAL OUTPUT TO 1.3 BILLION TONS TO ENSURE CHINA’S ENERGY SUPPLY - GLOBAL TIMES
North China’s Shanxi Province, a major coal-producing region, recently announced a move to increase its annual coal production output by 107 ...
Thursday, 30 June 22
DIVERGENCE BETWEEN HIGH- AND LOW-GRADE THERMAL COAL PRICES IN APAC TO NARROW - FITCH RATINGS
Prices between high- and low-grade thermal coal in Asia-Pacific (APAC) have diverged since late March 2022, but Fitch Ratings expects the gap to na ...
|
|
|
Showing 311 to 315 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- The University of Queensland
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
|
| |
| |
|
