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The CCRcorp Network unlocks access to a world of insights, research, guides and information in a range of specialty areas.

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TheCorporateCounsel

TheCorporateCounsel.net

A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.

DealLawyers

DealLawyers.com

An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.

CompensationStandards

CompensationStandards.com

The “one stop” resource for information about responsible executive compensation practices & disclosure.

Section16.net

Section16.net

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.

PracticalESG

PracticalESG.com

Keeping you in-the-know on environmental, social and governance developments

Coal-based energy production got a boost from investors globally in 2024 after a dip during 2023 according to Bloomberg.

“Global banks channeled more than $385 billion to the coal power industry over the past three years, with annual flows increasing last year from 2023, according to analysis by a group of nonprofits…

Chinese banks are the top providers of coal-related financing, allocating almost $250 billion to the industry between 2022 and 2024, according to Urgewald. US banks are second with just over $50 billion in total, led by Bank of America Corp., JPMorgan Chase & Co. and Citigroup Inc.”

 

Source: Bloomberg.

The article also pointed out that “[w]hile the pipeline of new coal projects is dwindling, the existing fleet of coal plants isn’t” – so emissions aren’t changing as planned.

Energy needs for AI data centers, a new development subsequent to most companies and countries setting their emissions reduction targets, certainly play a role in this change in direction – but not all the blame can be placed at AI’s virtual feet.

We’ve cautioned in the past about meeting Scope 2 emissions targets. Now it looks like there are 130 billion more reasons why you should reassess yours.

Members can read more about carbon management here and have access to our Checklist Identifying & Updating Climate Risks and Uncertainties.


DID YOU KNOW … we are much more than just blogs. PracticalESG provides tools and guidance for in house staff and outside advisors – from beginners to senior practitioners. We scour third party resources, vetting and filtering them – saving you hours of your day. And we don’t use AI to produce any content or have annoying ads.


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The Editor

Lawrence Heim has been practicing in the field of ESG management for 40 years. He began his career as a legal assistant in the Environmental Practice of Vinson & Elkins working for a partner who is nationally recognized and an adjunct professor of environmental law at the University of Texas Law School. He moved into technical environmental consulting with ENSR Consulting & Engineering at the height of environmental regulatory development, working across a range of disciplines. He was one of… View Profile