by Spoiler | Mar 30, 2021 | Financial System, Transport and Usage
Far more companies than just mine operators and energy companies render extracting and burning of hard coal possible and cost-efficient. If we look at European companies involved in this dirty business, it is not only investors, banks, and insurance companies that...
by Spoiler | Mar 30, 2021 | Financial System
Providers of capital are key to the planning, permitting, development, and operation of coal mines and the construction of power stations. But it is often very difficult to detect which financiers are supporting the climate-damaging projects of the coal industry. The...
by Spoiler | Mar 30, 2021 | Financial System
Insurance companies also play an important role in the financing structure of the value chain around hard coal. In the debate on the climate crisis they are often regarded as ‘saviours’, as they insure against financial losses caused by extreme weather events. But...
by Spoiler | Mar 30, 2021 | Financial System
Many European governments continue to support and subsidise coal mining through a number of different mechanisms. They include subsidies for capacity mechanisms that are meant to guarantee security of energy supply when needed, in return for additional payments to...
by Spoiler | Mar 30, 2021 | False Solutions, Financial System
Bettercoal – founded by RWE, Eon, Vattenfall, Électricité de France, GDF Suez, ENEL, and Dong Energy in 2012 – is an initiative of several European energy companies which has set itself the supposed goal of a responsible global coal supply chain through guidelines for...
