Still Banking on Coal

Still Banking on Coal tracks financial flows from commercial banks to coal companies. At COP26 in Glasgow, the governments of 197 countries agreed to phase down coal and many of the world’s largest commercial banks pledged to decarbonize their portfolios. With our data tool, you can find out where your bank stands.

Explore the data

Coal Financing Since Glasgow

$114 B

2022

$120 B

2023

$115 B

2024

$118 B

2025

Beyond the numbers

Between 2022 and 2025, banks provided $467 billion in loans and underwriting to the coal industry. But this aggregate figure masks a growing rift within the banking industry. Our analysis reveals where banks are moving away from coal and where they are doubling down.

Read our Briefing

Ptolemaida coal mine in Greece, Credits: Anna Pantelia

Global Coal Exit List

This research is based on our Global Coal Exit List (GCEL). GCEL provides key metrics on almost 3,000 companies whose activities range from coal mining, coal trading and transport to the conversion of coal to liquids, the operation of coal-fired power stations and the manufacturing of equipment for new coal plants. It is the most comprehensive public database of companies that operate along the thermal coal value chain.

Global Coal Exit List

Kohlebergbau von oben, Mark Agnor, Shutterstock

Coal mining from above, Credits: Mark Agnor, Shutterstock

Fossil Fuel Banks

Climate-fueled disasters are taking a devastating toll around the world, year after year. Fossil fuel companies are still making record profits and banks continue financing fossil fuel expansion. The joint NGO report Banking on Climate Chaos examines the world’s top 65 banks by assets. It ranks them based on the fossil fuel financing – lending and underwriting – they have provided since 2016.

Banking on Climate Chaos mainly uses Urgewald's Global Coal Exit List and its Global Oil & Gas Exit List to determine relevant fossil fuel companies.

Banking on Climate Chaos

Credits: Rainforest Action Network 2026