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New call on banks not to finance Galician Pulp mill

BankTrack’s Dodgy Deal launched today exposes the devastating environmental and social costs of the Altri-led mega-project.
A new profile of the controversial Gama pulp and paper factory proposed in Lugo, Galicia, has been published today by BankTrack in collaboration with the Environmental Paper Network (EPN) and Greenpeace Spain. The profile is presented in BankTrack’s ‘Dodgy Deal’ database, which collects information about harmful companies or projects financed by banks. This profile comes at a moment…
2025-05-29 | Santiago de Compostela | BankTrack, EPN, Greenpeace Spain
Blog
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New call on banks not to finance Galician Pulp mill

BankTrack’s Dodgy Deal launched today exposes the devastating environmental and social costs of the Altri-led mega-project.
2025-05-29 | Santiago de Compostela | BankTrack, EPN, Greenpeace Spain
Blog
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The NZBA has chosen the wrong side of history: what next for net-zero banking?

The UN-convened, bank-led coalition was never up to its task. It’s time for banks to demonstrate individual commitment.
BankTrack blog
2025-05-28 | Quentin Aubineau – BankTrack
Blog
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Raiffeisen Bank International to process Turkish gas payments to Russia: BankTrack and B4Ukraine response

2025-05-28 | BankTrack, B4Ukraine
Blog
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Big Four UK banks: Falling short on climate action?

A climate risk assessment of Barclays, HSBC, Lloyds, and NatWest
2025-05-28 | InfluenceMap
Blog
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New research: 2025 Southeast Asia fossil fuel divestment scorecard

2025-05-24 | Kuala Lumpur | Center for Energy, Ecology and Development (CEED), Center of Economic and Law Studies (CELIOS), Energy Shift Southeast Asia, People, RimbaWatch, WALHI
Blog
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Japanese megabank SMBC accused of fueling climate crisis in Bangladesh

The billion-dollar drain: Who's benefiting from SMBC’s power deals in Bangladesh?
2025-05-21 | Dhaka, Bangladesh | Coastal Livelihood and Environmental Action Network (CLEAN)
Blog
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Still banking on false solutions

BankTrack’s False Solutions Tracker shows that most of the 30 banks assessed count finance for harmful technologies towards their sustainable finance targets.
2025-05-20 | Nijmegen | BankTrack
Blog
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Glencore’s coal expansion fueled by European banks

2025-05-20 | Reclaim Finance
Blog
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Santander backed major South American deforester Cresud despite net zero pledge

Argentinean “agricultural real estate” company Cresud is responsible for deforestation three times the size of Madrid and significant carbon emissions
2025-05-15 | Argentina | Global Witness
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Upcoming events
May27

Meet-up 'Spreek je uit' ING

Dutch-language online event from Fossielvrij NL
Tue May 27 2025 8:00 PM - 9:00 PM (UTC+1) Online Meet up
Jun17

Banking on Climate Chaos 2025

Publication of the 2025 Banking on Climate Chaos report
Tue Jun 17 2025 7:00 AM (UTC)
Jul1

Still Banking on Coal 2025

Publication of the 2025 Still Banking on Coal report
Tue Jul 01 2025 12:00 AM (UTC)
All events
Spotlight
Read BankTrack's 2024 Annual Report
Our advocacy, successes and setbacks in the ongoing mission to hold commercial banks accountable for their role in financing the climate crisis, biodiversity collapse, and human rights violations.
ING: Spreek je uit
Steeds meer zakelijke klanten en sponsorrelatie spreken zich uit tegen ING’s fossiele financiering. Help mee om de druk vanuit bedrijven, verenigingen en culturele instellingen te laten groeien!
Raiffeisen Bank International subsidiary still invested in sanctioned Russian entities, find BankTrack and B4Ukraine
Austrian banking group's Russian asset manager holds mutual funds with investments in Sberbank, Gazprom, government bonds
Target Dodgy Deals

JSW Utkal Steel plant and captive coal power station

India | project

Perusahaan Listrik Negara (PT PLN)

Indonesia | company

Jadar lithium mine

Serbia | project

Mozambique LNG

Mozambique | project
All Dodgy Deals
Focus banks

KCB Bank

Kenya

Kenya's KCB committed $200 million to the East African Crude Oil Pipeline (EACOP). When 11 peaceful activists attempted to deliver a letter about this, they were lured into a basement where they were ambushed and arrested on false charges. 

Standard Chartered

United Kingdom

Held its AGM in early May, where campaigners called on the bank to set a robust energy transition plan and end finance for destructive projects in Mozambique & the Philippines. Read the AGM report here. 

 

ING

Netherlands

Dutch banking giant ING was served a giant 12-metre “Bill of Destruction” at its Annual General Meeting (AGM), revealing the long list of damages linked to ING’s fossil fuel financing.

Banco Santander

Spain

In May, a major Global Witness investigation found Santander financed major South American deforester Cresud, despite net zero pledges.

All banks
Campaigns and projects

Banks and Climate

Banks and Human Rights

Banks and Nature

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Latest publications
BankTrack Annual Report 2024
2025-04-15 00:00:00 | BankTrack
Burning the Bridge
2024-12-11 00:00:00 | BankTrack, B4Ukraine
The BankTrack Global Human Rights Benchmark 2024
2024-11-27 00:00:00 | BankTrack
Banking on biodiversity collapse 2024
2024-10-16 00:00:00 | Forest and Finance Coalition
All publications
BankTrack in the Media
‘We are witnessing ecocide’: Santander accused of funding vast deforestation
2025-05-15 00:00:00
|
The Guardian
Santander Blamed In $1.3 Billion South American Deforestation Scandal
2025-05-15 00:00:00
|
Forbes
Banks Exiting Net-Zero Alliances — and Not Just US Banks
2025-04-30 00:00:00
|
Energy Intelligence
African banks back oil export pipeline despite climate commitments
2025-03-28 00:00:00
|
Climate Home News
All BT in the media
External News
Union Investment cuts TotalEnergies stake over East African project allegations
2025-05-22 00:00:00
|
Reuters
UniCredit's Russian arm to halt outgoing dollar transfers after June 6
2025-05-20 00:00:00
|
Reuters
Tanzanian Activists Clash with KCB Over EACOP Support and Arrest of 11 Ugandan Activists
2025-05-15 00:00:00
|
Margherita News
Ugandan ​​activist​ asks HSBC to put ‘lives before profit’ as campaigners target bank’s AGM
2025-05-02 00:00:00
|
The Guardian
All external news
Website updates
On 2025-05-28 14:41:33 we updated the Jadar lithium mine project page.
On 2025-05-19 11:32:50 we updated the KCB Bank bank page.
On 2025-05-16 11:12:43 we updated the O-Bank bank page.
On 2025-05-13 15:02:14 we updated the Mizrahi Tefahot Bank bank page.
On 2025-05-12 19:02:56 we updated the KBC bank page.

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Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
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