New database facilitates divestment from coal

The environmental organisation Urgewald has recorded more than 770 coal companies in an extensive database. “Adherence to the Paris climate target of 1.5 degrees global warming is only possible if banks and investors quickly and completely abandon coal investments," explains Heffa Schücking, Managing Director of Urgewald. The so-called Global Coal Exit List provides key figures and activities of companies ranging from coal exploration and extraction, to coal trading and transport, through to coal-fired power generation and the construction of coal-fired power plants. The aim of the database is to create transparency. It enables banks, other investors and municipalities to find out which companies earn their money with coal.

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