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PLN is keeping Indonesia dependent on coal

Indonesia’s largest utility company continues to invest in fossil fuel expansion as major financial institutions keep bankrolling projects

Perusahaan Listrik Negara (PLN), a state-owned enterprise (BUMN), is responsible for electrifying Indonesia. The story of PLN could be a tale of two potential paths: one leads to a healthy future powered by clean energy; the other to devastating health and environmental impacts through continued coal reliance. PLN, however, maintains its position as a company still heavily invested in fossil fuel…

2025-02-18 | Apekshita Varshney - Eko, Novita Indri - Trend Asia

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PLN is keeping Indonesia dependent on coal

Indonesia’s largest utility company continues to invest in fossil fuel expansion as major financial institutions keep bankrolling projects

2025-02-18 | Apekshita Varshney - Eko, Novita Indri - Trend Asia

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New report: "At Great Cost: The companies building nuclear weapons and their financiers”

2025-02-18 | ICAN, PAX

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Seven underwriters of “war bonds” instrumental in enabling Israel’s assault on Gaza, new research finds

Banks have underwritten Israeli government-issued bonds to the value of $19.4 billion since October 7th, 2023

2025-02-14 | BankTrack, PAX, Profundo

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Campaigners target ING in Valentine’s Day themed actions in nine countries

Global Day of Action asks Dutch banking giant to “stop breaking our hearts”

2025-02-13 | Amsterdam, The Netherlands | BankTrack

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“Coal-free” or a cover-up: Is the mask slipping on EPH’s clean energy transition?

2025-02-12 | Berlin | Beyond Fossil Fuels, Re-set

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ING's financing of companies that start new oil and gas fields is 10 times larger than ING itself reports

A new report from SOMO shows that the actual financing of ING to companies starting new oil and gas fields is €26.4 billion

2025-02-06 | Milieudefensie, SOMO

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Adaro’s rebrand: a fresh green look for the same dirty coal business

Why banks should still steer clear of the new PT Alamtri Resources Indonesia

BankTrack blog

2025-02-05 | Camilla Perotti – BankTrack

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Elk Valley in Canada: With money from global banks, Glencore sacrifices entire mountain ranges for coal, polluting the water irreversibly.

But the Ktunaxa Nation is fighting back

2025-02-04 | BankTrack, ING Fossielvrij, Wildsight

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Raiffeisen Bank International still providing services to Russian war suppliers, Bloomberg finds

New documents reveal the Austrian bank’s clients supplied chemicals, electronic equipment to sanctioned military companies

2025-02-04 | BankTrack, B4Ukraine

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Spotlight

Campaigners target ING in Valentine’s Day themed actions in nine countries
Check out the report and pictures from the Global Day of Action against ING

New: End Coal Finance website
To stop a wave of new coal development across Asia, the End Coal Finance coalition is asking likely financiers to pledge not to back new coal power projects.

Send a letter to ING: Stop financing steel giant ArcelorMittal 
The steel and mining giant ArcelorMittal is impacting communities with it's pollution, loss of water and corruption in Mexico. Anyone who speaks out runs great risk. Call on ING to stop financing ArcelorMittal.…

Target Dodgy Deals

Simandou Iron Ore Project

Guinea | project

East African Crude Oil Pipeline (EACOP)

Uganda | project

Mozambique LNG

Mozambique | project

Glencore

Switzerland | company

All Dodgy Deals

Focus banks

ING

Netherlands

In February, campaigners in nine countries held a Valentine's themed Day of Action demanding the bank take urgent steps on climate and human rights.

Goldman Sachs

United States

Research released in February shows Goldman is by far the largest underwriter of Israeli government "war bonds" since October 2023, raising questions regarding possible complicity in war crimes.

Swedbank

Sweden

After protests from thousands of Swedish bank clients, Swedbank has almost completely stopped new loans to fossil fuel companies, the new Banking on Thin Ice report shows.

Bank Mandiri

Indonesia

TuK Indonesia has taken Bank Mandiri to court, demanding an immediate halt to its financing of palm oil companies engaged in environmental destruction and human rights violations in Indonesia. The lawsuit aims to expose the bank’s complicity and hold it fully accountable for actions that contradict its proclaimed commitment to sustainable and responsible financing.

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                        BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club