Fossil lending

Investigations, analyses and rankings on debt lending that facilitates fossil fuel expansion, undermines climate goals and contradicts institutional ESG policies, helping counterparties to engage on climate issues and advocate for change.

All Bond spotlight Sustainability-Linked Bonds Climate risk pricing Fossil lending Nature loss Transparency Sovereigns and central banks Portfolio analysis Quantitative research

Newcastle Coal bond: who holds the hot potato after 2030?

18/08/2026

Bondholders exposed to coal exit risk amid company’s USD750mn refinancing

Factories emitting pollution.

EU Methane Regulation: implications for fixed income investors

03/08/2026

Methane penalties are paused, but the obligations remain

Factories emitting pollution.

The Box: syndication fee league tables Q2 26

17/06/2026

June 2026 update of The Box: syndication fee league tables

Banks, the transition, and turning attention into action

17/06/2026

How banks earn fees (not just what they lend) reveals their role in the transition.

Whitehaven: well-bought but still exposed

09/06/2026

Whitehaven's coal pivot has cut its funding costs — but transition risks remain material for bondholders

Pricing oil risk: Southeast Asia's sovereign markets

14/04/2026

Countries’ debt performance varies in the wake of Iran war energy shock

Factories emitting pollution.

The Box: syndication fee league tables Q1 26

18/03/2026

March 2026 update of The Box: syndication fee league tables

BP investor activism – try a new approach?

13/03/2026

Time for bondholders to use their engagement powers

Factories emitting pollution.

Ampol Sustainability-Linked Perpetual may miss a target

22/01/2026

Australian Oil and Gas company may miss SLP target and trigger 1% call price increase

Factories emitting pollution.

The Box: syndication fee league tables Q4 25

17/12/2025

December 2025 update of The Box: syndication fee league tables

Sembcorp’s Alinta acquisition: details and follow-on questions for investors

12/12/2025

The acquisition brings a substantial lignite exposure for SC investors.

Factories emitting pollution.

Reserves, risks, reinventions: NOCs in the new era

03/12/2025

ASEAN oil titans have to evolve to thrive in new energy paradigm

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