UK banks are Europe’s biggest coal financiers, report finds
Urgewald tracked loans and underwriting from 744 commercial banks around the world to companies operating across the ‘coal value chain’. Photograph: Dan Himbrechts/AAPView image in fullscreenUrgewald tracked loans and underwriting from 744 commercial banks around the world to companies operating across the ‘coal value chain’. They said Barclays did not provide financing to companies that generated “more than 30% of revenues from thermal coal mining or power generation”.“Barclays is financing an energy sector in transition, providing finance to meet current energy needs and also financing the scaling of clean energy,” the spokesperson said.
- ▪Urgewald tracked loans and underwriting from 744 commercial banks around the world to companies operating across the ‘coal value chain’.
- ▪Photograph: Dan Himbrechts/AAPView image in fullscreenUrgewald tracked loans and underwriting from 744 commercial banks around the world to companies operating across the ‘coal value chain’.
- ▪They said Barclays did not provide financing to companies that generated “more than 30% of revenues from thermal coal mining or power generation”.“Barclays is financing an energy sector in transition, providing finance to meet current energ
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| Original publisher | The Guardian — World |
| Canonical URL | https://www.theguardian.com/environment/2026/sep/30/uk-banks-are-europe-biggest-providers-coal-financing-report-finds |
| Publication time | Wed, 30 Sep 2026 11:58:24 GMT |
| Retrieval time | 2026-09-30T12:22:01.681Z |
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Urgewald tracked loans and underwriting from 744 commercial banks around the world to companies operating across the ‘coal value chain’. Photograph: Dan Himbrechts/AAPView image in fullscreenUrgewald tracked loans and underwriting from 744 commercial banks around the world to companies operating across the ‘coal value chain’. Photograph: Dan Himbrechts/AAPCoalUK banks are Europe’s biggest coal financiers, report findsStudy says UK-based banks provided $8.3bn in coal financing in four years, with Barclays and HSBC leading riseMatthew TaylorWed 30 Sep 2026 07.58 EDTLast modified on Wed 30 Sep 2026 08.13 EDTSharePrefer the Guardian on GoogleUK banks are Europe’s biggest financial backers of the global coal industry, providing billions of pounds in funding for the climate-wrecking fossil fuel…
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