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Growing financial resistance to deep-sea mining from institutions managing €24 trillion in assets

A new report finds deep-sea mining is rapidly losing its financial licence to operate as banks, insurers and investors move to distance themselves from an industry increasingly identified as high-risk. The report by Seas At Risk and the Deep Sea Mining Campaign is released today as governments meet at the International Seabed Authority (ISA). “Red Lines in…

2026-03-11 | Deep Sea Mining Campaign, Seas At Risk

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BankTrack news BankTrack blog Partner news Partner blog

Growing financial resistance to deep-sea mining from institutions managing €24 trillion in assets

2026-03-11 | Deep Sea Mining Campaign, Seas At Risk

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BankTrack news BankTrack blog Partner news Partner blog

Banks accused of “back-door” funding for EACOP via €1.5bn TotalEnergies bond

2026-02-27 | BankTrack, #StopEACOP

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Santander publishes annual report – ShareAction response

2026-02-26 | ShareAction

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Complaint filed to SGX against OCBC for potential misleading conduct

2026-02-24 | Singapore | Market Forces

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Crédit Agricole fined by the ECB for failing to identify climate and environmental risks

2026-02-19 | Forests & Finance

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Press Release: New report reveals companies that care about the climate crisis have a hidden weapon: their credit cards

2026-02-18 | Stop the Money Pipeline

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NatWest tears up oil and gas financing restrictions – ShareAction response

2026-02-13 | ShareAction

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Banks risk burning forests & fossil fuels for “green” steel

New research finds that banks' guidelines for green finance lack much needed clarity on steel decarbonisation, and often include environmentally and socially harmful solutions.

2026-02-11 | Nijmegen | BankTrack

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Fair Finance Thailand unveils 8th annual policy assessment of Thai banks

2026-02-10 | Fair Finance Thailand

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Upcoming events

Mar20

BBVA AGM 2026

The 2026 general meeting of BBVA's shareholders

Fri Mar 20 2026 12:00 PM (UTC+1) Palacio Euskalduna - Bilbao, Spain AGM

Mar24

Nordea AGM 2026

The 2026 general meeting of Nordea's shareholders

Tue Mar 24 2026 12:00 AM (UTC) Finland AGM

Mar26

Danske Bank AGM 2026

The 2026 general meeting of Danske Bank's shareholders

Thu Mar 26 2026 12:00 AM (UTC) Denmark AGM

All events

Spotlight

Decarbonising Steel: BankTrack’s New Research on Real vs. False Solutions
Not all steel decarbonisation strategies are credible. Some are “false solutions” that risk delaying the transition to a non-fossil-fuel steel sector.

Bank Human Rights Complaints Channels: A Users' Guide
Find out how to raise human rights complaints with commercial banks and pursue remedy

Tell Costco to Clean Up its Credit Card
Call on Costco to drop dirty bank Citi as its credit card partner because of Citi’s role in funding catastrophic climate change.

Target Dodgy Deals

ArcelorMittal

Luxembourg | company

CoreCivic

United States | company

Adani Group

India | company

Simandou Iron Ore Project

Guinea | project

JSW Utkal Steel plant and captive coal power station

India | project

GEO Group

United States | company

Mozambique LNG

Mozambique | project

Papua LNG

Papua New Guinea | project

All Dodgy Deals

Focus banks

NatWest Group

United Kingdom

NatWest’s annual report was published in February, and was accompanied by policy changes that ShareAction said amounted to "tearing up oil and gas financing restrictions".

Raiffeisen Bank International

Austria

RBI is under new leadership. Cultural organisations being sponsored by the bank risk whitewashing a major enabler of the war on Ukraine, argues this new BankTrack blog.

OCBC Bank

Singapore

Market Forces lodged a complaint at the Singapore Exchange against OCBC for potential misleading conduct over finance for Harita Nickel Group. Following the complaint, Harita removed key data about its coal power capacity from its website.

China CITIC Bank

China

CITIC’s steel decarbonization framework fails to explicitly exclude financing for all five “false solutions” identified in BankTrack’s False Solutions Report, including biomass, CCUS, and carbon offsetting.

All banks

Campaigns and projects

Banks and Climate

Banks and Human Rights

Banks and Nature

All campaigns and projects

Latest publications

    
    Financing False Solutions in Steel Decarbonisation 

                    2026-02-11 00:00:00
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                        BankTrack                    
                                    
This report analyses the sustainable finance frameworks of 20 global banks, and which solutions for steel decarbonisation are included. 

    Banking on Biodiversity Collapse 2025

                    2025-11-05 00:00:00
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                        Forests & Finance                    
                                    
    EACOP Finance Risk Update #6

                    2025-10-23 00:00:00
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                        BankTrack & partners                    
                                    
    Mining and Money 

                    2025-09-03 00:00:00
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                        Forests & Finance Coalition including: Rainforest Action Network, TuK Indonesia, Profundo, Amazon Watch,
Milieudefensie, CED Cameroon, Repórter Brasil, BankTrack, Sahabat Alam Malaysia,
Friends of the Earth US and Observatório da Mineração