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.

A magnifying glass zooming in on some statistics.

Operation Private Markets: A Bridge CO2 Far

16/12/2021

A report detailing Aramco's lease-lease-back transactions of oil and gas pipeline networks.

A financial analyst’s Bloomberg keyboard layout.

Coal funding premia: Port of Newcastle USD deal

19/11/2021

Port of Newcastle's inaugural bond has significantly higher yields.

A financial analyst’s Bloomberg keyboard layout.

SUEK calls force majeure: bank and bond investor implications?

14/10/2021

SUEK calls a force majeure after recent bond issuance.

Factories emitting pollution.

Net green/fossil bond syndication league tables

23/09/2021

A technical note to calculate normalised bond syndication fee revenue league tables.

Factories emitting pollution.

The Box

14/09/2021

We propose a counterparty de-selection algorithm to help parties meet their climate goals.

An overhead photo of a road submerged by floodwater.

Mexiconvexity: Credit, IMF, Pemex

08/09/2021

Mexico's president eager to use IMF covid funding to support Pemex.

An overhead photo of a road submerged by floodwater.

Woodside Petroleum vs iTraxx Australia

18/08/2021

Woodside underperforms Aussie stocks after the deal to take over oil and gas production.

Financial candles on a screen.

"Passive" money and new thermal coal mine builds

29/07/2021

In this report, we explore the passive investments made in the relationship between Adani and Carmichael.

Factories emitting pollution.

Fidelity and the oil sands pudding

28/07/2021

Fidelity has an outsized role to play in green house gas emissions impact.

A financial analyst’s Bloomberg keyboard layout.

Enbridge oil sands SLB - participation trophy alert

23/06/2021

Enbridge's SLB looks like a step towards energy transition, but it is not.

Factories emitting pollution.

ESG engagement and XL AUM growth

10/06/2021

Keystone XL tar sand pipeline project finally ceases.

Factories emitting pollution.

California flarin'

09/06/2021

Ameredev leads the way in the sector in terms of methane flaring in the Permian Basin.