New Divestment Tool: NGO Urgewald Launches Comprehensive Coal Database "Global Coal Exit List"

The database and charts on the coal industry can be viewed at: www.coalexit.org 

"We developed the GCEL to provide the finance industry with a concise list of companies that should be divested," says Heffa Schuecking, director of Urgewald. "Our research shows that the universe of companies with significant coal-related business is much larger than investors think. Keeping to a 1.5°C pathway will be impossible unless banks and investors make a speedy and full exit from investments in the coal industry."

The GCEL provides key statistics on companies' annual coal production and coal share of revenue, their installed coal-fired capacity and coal share of power production. It also identifies 225 companies that are planning to expand coal mining and 282 companies that are planning new coal-fired power stations. 

As Sylvain Vanston from the Corporate Responsibility Division of the insurance company AXA says: "The GCEL is amongst the most thorough coal databases we have seen. It is a great tool for investors who want to move their portfolios away from coal."

Further Information:

Interesting Facts & Stats around the Global Coal Industry:
https://urgewald.org/sites/default/files/typ_download/gcel_-_facts_and_stats_2.pdf

A Regional and Country Overview of the Coal Industry:
https://urgewald.org/sites/default/files/typ_download/gcel_-_country_analysis_3.pdf

Contact:
Moritz Schroeder
Urgewald's Communications Director
moritz@urgewald.org or +49 2583 30492-19

Photo - https://mma.prnewswire.com/media/597838/Biggest_Coal_Power_Giants_Infographic.jpg

Photo - http://mma.prnewswire.com/media/597839/Coal_Database_Infographic.jpg