Where Is The Money Coming From?

January 2025 California wildfires, Credits: Josh Edelson / AFP via Getty Images

Still Banking on Coal 2025 shows data on commercial banks that provided loans and underwriting services to coal companies from January 2022 to December 2024. 

Search for a coal company or coal bank of your choice and view its financing year by year. 

2022:
2023:
2024:
Loans    Underwriting
Loans    Underwriting

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Current selection: companies receivedbanks provided a total of $ M in loans and underwriting


     
Type HQ Expansion 2016 2017 2018 2019 2020 2021 2022 2023 2024 Loans 2016 2017 2018 2019 2020 2021 2022 2023 2024 Underwriting 2022 2023 2024 Total
Bank CITIC China $44M $10M $123M $7,944M $8,599M $12,596M $7,988M $8,608M $12,719M $29,315M
Bank Industrial and Commercial Bank of China China $120M $155M $55M $7,950M $4,881M $6,477M $8,070M $5,036M $6,532M $19,638M
Bank China Merchants Bank China $63M $5,057M $4,836M $6,511M $5,057M $4,836M $6,574M $16,467M
Bank China Everbright China $15M $6M $4,468M $5,022M $6,232M $4,484M $5,022M $6,238M $15,744M
Bank Industrial Bank Company China $176M $3,259M $4,386M $6,810M $3,259M $4,386M $6,986M $14,631M
Bank Shanghai Pudong Development Bank China $10M $20M $3,920M $4,803M $4,306M $3,920M $4,813M $4,326M $13,059M
Bank CSC Financial China $4,363M $2,851M $3,878M $4,363M $2,851M $3,878M $11,092M
Bank Bank of Beijing China $2,194M $3,531M $4,910M $2,194M $3,531M $4,910M $10,636M
Bank Bank of China China $370M $670M $243M $1,906M $1,970M $3,613M $2,277M $2,641M $3,856M $8,774M
Bank Bank of Communications China $15M $19M $12M $6,186M $2,065M $363M $6,201M $2,084M $375M $8,661M
Bank Agricultural Bank of China China $8M $18M $31M $4,096M $1,025M $3,290M $4,104M $1,043M $3,321M $8,468M
Bank Bank of Ningbo China $3,687M $3,042M $1,285M $3,687M $3,042M $1,285M $8,014M
Bank Mizuho Financial Japan $1,347M $1,193M $1,056M $1,650M $1,167M $1,190M $2,997M $2,359M $2,246M $7,603M
Bank Bank of America USA $913M $1,700M $1,217M $500M $1,188M $1,319M $1,413M $2,887M $2,536M $6,836M
Bank China International Capital Corporation China $2,510M $1,743M $2,241M $2,510M $1,743M $2,241M $6,494M
Bank Ping An Insurance Group China $1,864M $2,418M $1,895M $1,864M $2,418M $1,895M $6,177M
Bank China Minsheng Banking China $3M $5M $1,390M $3,413M $1,236M $1,390M $3,416M $1,241M $6,047M
Bank China Construction Bank China $56M $115M $68M $2,398M $1,652M $1,243M $2,454M $1,767M $1,310M $5,532M
Bank Mitsubishi UFJ Financial Japan $1,078M $1,025M $988M $623M $969M $544M $1,701M $1,994M $1,531M $5,226M
Bank JPMorgan Chase USA $876M $970M $862M $614M $882M $928M $1,490M $1,852M $1,790M $5,132M
Bank Huatai Securities China $2,210M $1,768M $1,138M $2,210M $1,768M $1,138M $5,116M
Bank Guotai Junan Securities China $1,107M $1,333M $2,410M $1,107M $1,333M $2,410M $4,850M
Bank Citigroup USA $721M $802M $890M $724M $883M $811M $1,445M $1,685M $1,701M $4,831M
Bank Wells Fargo USA $865M $792M $986M $343M $858M $634M $1,208M $1,650M $1,620M $4,479M
Bank Bank of Shanghai China $1,234M $1,950M $1,137M $1,234M $1,950M $1,137M $4,321M
Bank Hua Xia Bank China $5M $2,774M $819M $599M $2,774M $819M $604M $4,196M
Bank Barclays United Kingdom $640M $668M $768M $535M $802M $642M $1,175M $1,469M $1,410M $4,054M
Bank Jefferies Financial Group USA $808M $474M $297M $1,691M $697M $297M $2,499M $1,171M $3,967M
Bank PNC Financial Services USA $896M $792M $802M $326M $388M $744M $1,222M $1,179M $1,546M $3,948M
Bank SMBC Group Japan $1,331M $926M $487M $221M $485M $449M $1,552M $1,411M $936M $3,899M
Bank US Bancorp USA $1,013M $762M $676M $332M $508M $568M $1,345M $1,270M $1,244M $3,858M
Bank Bank of Hangzhou China $926M $1,469M $1,300M $926M $1,469M $1,300M $3,695M
Bank Bank Mandiri Indonesia $514M $1,295M $1,517M $84M $48M $106M $598M $1,343M $1,623M $3,564M
Bank Scotiabank Canada $904M $587M $433M $276M $600M $458M $1,180M $1,187M $891M $3,258M
Bank Royal Bank of Canada Canada $580M $550M $445M $361M $602M $369M $941M $1,152M $814M $2,907M
Bank Goldman Sachs USA $826M $362M $307M $390M $680M $331M $1,216M $1,042M $638M $2,896M
Bank Haitong Securities China $550M $653M $1,685M $550M $653M $1,685M $2,887M
Bank Morgan Stanley USA $335M $468M $397M $292M $838M $500M $628M $1,306M $897M $2,830M
Bank GF Group China $331M $1,337M $1,048M $331M $1,337M $1,048M $2,716M
Bank Toronto-Dominion Bank Canada $513M $534M $490M $228M $574M $330M $741M $1,108M $820M $2,669M
Bank China Bohai Bank China $3M $994M $467M $1,163M $994M $470M $1,163M $2,627M
Bank Truist Financial USA $492M $498M $470M $155M $443M $359M $647M $941M $829M $2,417M
Bank Postal Savings Bank of China China $39M $741M $1,040M $292M $780M $1,040M $292M $2,112M
Bank Deutsche Bank Germany $300M $575M $574M $94M $114M $413M $393M $689M $987M $2,069M
Bank Shenwan Hongyuan Group China $769M $735M $461M $769M $735M $461M $1,965M
Bank China Zheshang Bank China $3M $3M $969M $407M $577M $969M $410M $580M $1,959M
Bank China Guangfa Bank China $10M $1,032M $570M $183M $1,032M $579M $183M $1,795M
Bank State Bank of India India $377M $120M $841M $172M $151M $119M $549M $272M $961M $1,782M
Bank Bank of Tianjin China $1,219M $338M $144M $1,219M $338M $144M $1,701M
Bank Bank Negara Indonesia Indonesia $272M $601M $658M $1M $1M $131M $273M $602M $789M $1,665M

     



 

Important Notice

This report is intended for informational purposes only and does not constitute investment advice or a recommendation to engage in any investment activity. Nothing in this publication should be interpreted as an endorsement, approval, or support of any company, financial institution, or investment product mentioned herein. Readers are encouraged to critically evaluate the information and draw their own conclusions regarding the data and analysis provided.

Our financial research builds on the “BOCC+ 2025” dataset researched by the Banking on Climate Chaos Coalition (including Rainforest Action Network, Indigeneous Environmental Network, BankTrack, CEED, Oil Change International, Reclaim Finance, Sierra Club, and Urgewald). The financial dataset was compiled in collaboration with the not-for-profit research institute Profundo.

For more information read our detailed Methodology.