GLOBAL SUB-PRIME CRISIS

BANKILEAKS

Click on our Secret Library of Evidence ------>

    BANKILEAKS Secret Library

Loan Application Forms (LAF's)  

    Bank Emails to Brokers  

    Then Click on 'VIEW NOTEBOOK'

Join us on facebook
 

facebook3           facebook2 

BFCSA
MORTGAGE
DISTRESS SOS

What BFCSA Does...

BFCSA investigates fraud involving lenders, spruikers and financial planners worldwide.  Full Doc, Low Doc, No Doc loans, Lines of Credit and Buffer loans appear to be normal profit making financial products, however, these loans are set to implode within seven years.  For the past two decades, Ms Brailey, President of BFCSA (Inc), has been a tireless campaigner, championing the cause of older and low income people around the Globe who have fallen victim to banking and finance scams.  She has found that people of all ages are being targeted by Bankers offering faulty lending products. BFCSA warn that anyone who has signed up for one of these financial products, is in grave danger of losing their home.

Visitors

Articles View Hits
679264

Whistleblowers' Corner!

To all mortgage brokers, BDMs and loan approval officers! 
Pls Call Denise: 0401 642 344 

"Confidentiality is assured."

Cartoon Corner

Lighten your load today and "Laugh all the way to the bank!"

Denise Brailey

Led by award-winning consumer advocate Denise Brailey, BFCSA (Inc) are a group of people who are concerned about the appalling growth of Loan Fraud around the world. BFCSA (Inc) is a not for profit organisation in the spirit of global community concern and justice.

Click on the Cluster Map.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login
    Login Login form

BFCSA: Banking on Coal 2014 Report: PM knew 360% increase. All Up in the Air?

Posted by on in ROYAL COMMISSION URGENT
  • Font size: Larger Smaller
  • Hits: 1501
  • 0 Comments
  • Print

Banking on Coal 2014 - Report

 

http://www.banktrack.org/show/pages/banking_on_coal_2014_report

 

Banking on Coal 2014 is a research study produced by BankTrack. It presents an analysis of the portfolios of 92 leading commercial banks, particularly looking at their investments in the coal industry, both in the coal mining and coal power sectors. It is a sequel of the Bankrolling Climate Change (2011) report which focused on both coal mining and coal power, and the Banking on Coal (2013) which focused only on coal mining. It was published at the same time as the Coal Banks website.  The following charts provide a general overview on some of the findings of the report.  

The first chart shows the type of finance of the 93 coal companies covered. It reveals that the majority of coal financing is provided via investment banking through shares and bonds issues (54%), and a minority by corporate loans (46%)..............

The second chart illustrates the growth curve of coal financing for the 65 coal companies for which we have financial data from 2005 to 2013. Coal funding was more than fourfold more important in 2013 than in 2005, a 360% increase......

73% of the 373 billion euros of coal financing revealed by the financial research were funded by only 20 global banks : the list of the top 20 "coal banks" below. The top 2 global coal banks are unchanged from the 2011 ranking : JPMorgan Chase (21,520 million euros) and Citi (20,425 million euros), while RBS moved up from rank nulmber seven to number three. Chinese banks have risen in importance in the new ranking. These numbers reveal the hidden part of banks activities, far from their far-reaching climate commitments that we gathered on this page..........

When gathered by country of origin, the following chart reveals that 62% of coal financing for the period 2011 to 2013, for which we have financial data for the 93 coal companies covered, comes from commercial banks based in only three countries: China (28%), US (23%) and UK (11%)..........

BankTrack Coal Campaigns

In recent years, the main targets of BankTrack members and partners on coal around the world have been :

Mountaintop removal (MTR) mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1000 feet off the tops of mountains in order to reach the coal seams that lie underneath. The resulting millions of tons of waste rock, dirt, and vegetation are then dumped into surrounding valleys, burying miles and miles of streams under piles of rubble hundreds of feet deep. Mountaintop removal mining harms not only aquatic ecosystem, and water quality, it also destroys hundreds of acres of healthy forests and fish and wildlife habitat, including habitat of threatened and endangered species, when the tops of mountains are blasted away.   Rather than remove coal from the mountain, MTR removes the mountain from the coal.

Other Coal Mines projects in the world :

 

Last modified on
Rate this blog entry:

Comments

  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Saturday, 29 February 2020