Institutional Investors Hold US$1.03 Trillion Investments In Coal

Despite the ongoing ESG push, institutional investors around the world held as of the end of January 2021 as much as US$1.03 trillion in companies operating in the thermal coal value chain, a group of NGOs, including Urgewald, said in a recent report. U.S. investors hold the largest share, 58 percent, of the world’s institutional investments in the coal industry, Japanese banks are the top lenders to coal businesses, while Chinese banks are the top underwriters, according to the report, which analyzes financial flows to all 934 companies…