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Urgewald Urges Banks to Stop Funding Coal Industry

1/24/2025

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Summary

Story summary

Heffa Schuecking of Urgewald is calling on financial institutions to halt their support for the metallurgical coal sector, responsible for a staggering 11% of global CO2 emissions. While green steel technology progresses, companies like Australia’s BMA and Russia’s A-Property persist in expanding coal operations. Urgewald's innovative MCEL database seeks to shine a light on this critical issue, promoting transparency and accountability.

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Story summary

Heffa Schuecking of Urgewald is calling on financial institutions to halt their support for the metallurgical coal sector, responsible for a staggering 11% of global CO2 emissions. While green steel technology progresses, companies like Australia’s BMA and Russia’s A-Property persist in expanding coal operations. Urgewald's innovative MCEL database seeks to shine a light on this critical issue, promoting transparency and accountability.