Discover and read the best of Twitter Threads about #endcoalfinance

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THREAD: Urgewald & partners just published an analysis of the financiers & investors behind the *entire* coal industry for the 1st time.

One of the shocking results:
Banks provide more money to coal than in 2016🤯

Read the full analysis: coalexit.org/finance-data

#EndCoalFinance
Banks provided $US 543 billion to the coal industry in 2019, likely at least as much in 2020. A sobering reality check on banks’ climate commitments.

The vast majority of banks’ coal exclusion policies have too many loopholes for their impact to be meaningful.
US investors account for 58% of the global coal industry, holding bonds & shares worth $602 billion!

@JoeBiden must address #WallStreet as a huge driver of climate pollution. Its massive investments in the coal industry are driving us ever deeper into a climate crisis.
Read 10 tweets
THREAD: Zum 1. Mal decken wir gemeinsam mit Partner*innen Geldgeber & Investoren der *gesamten* Kohleindustrie auf.

Erschütternd: Seit dem Pariser Klimaabkommen haben Banken jährlich MEHR Geld in die Kohle gesteckt.🤯

Die Ergebnisse: urgewald.org/medien/globale…

#EndCoalFinance
In den letzten 2 Jahren haben Banken Kohlefirmen mit über 1 Billion $ unterstützt. Ein ernüchternder Augenöffner für die "Klimaambitionen" der Geldhäuser.

Zu viele Banken haben riesige Schlupflöcher in ihren Kohleausschluss-Richtlinien - so bewirken sie fast gar nichts.
Deutsche Banken sind für rund ein Zehntel (31 Mrd. $) der gesamten Kreditsumme (315 Mrd. $) für die globale Kohleindustrie verantwortlich. Ganz oben: @commerzbank & @DeutscheBank. Auch die @sparkasse|n-Gruppe gehören zu den Top deutschen Kohlefinanzierern. #banksagainstfuture
Read 10 tweets

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