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.

Indonesian coal mining - where is the funding coming from?

29/08/2023

Funding to coal mining in Indonesia has mostly stopped from international investors, while only domestic and regional banks still maintain their relationships

ConocoPhillips crossing oil sands exclusion thresholds

16/08/2023

ConocoPhillips debt issuance finances a full acquisition of the Surmont oil facility

Factories emitting pollution.

The Box Jun 23

13/06/2023

In this report, we update our net green/fossil bond and loan syndication fee-based league tables.

APAC coal divestments: debt investors hold the key

06/06/2023

In this piece, we look at the need to engage on multiple fronts to support a credible transition for the APAC region.

Arctic oil & gas: left out in the cold

26/04/2023

In this report, we consider the implications of changes to the exclusion criteria of a range of ‘ESG screened’ indexes.

EQT Infrastructure investors and off-shore capital raising for Adani Group

05/04/2023

EQT Infrastructure investors and off-shore capital raising for the Adani Group.

The arbitrage of a pipeline

03/04/2023

We explore the trend in hydrocarbon funding for public bond investors to provide leverage through bonds.

Factories emitting pollution.

The Box Mar 23 (Credit Suisse/UBS update)

22/03/2023

Here, we publish an update on The Box given developments regarding Credit Suisse and UBS.

The reformed SSA trader: A new-found dog

07/03/2023

Newfoundland and Labrador announces a new program for issuing debt into the European SSA market.

Oil & Gas: climate performance and the cost of capital

06/03/2023

Climate performance seems to be a partial driver for funding spreads.

Factories emitting pollution.

Adani Green/Ports and Carmichael funding exposures

14/02/2023

Adani Group posts stocks in Adani Green and Adani Ports as collateral for a credit line for Carmichael.

A financial analyst’s Bloomberg keyboard layout.

GREENSAIF: a not-so-green, double-edged sword

06/02/2023

BlackRock Real Assets looks to the bond market to refinance their investment in Aramco.