Fossil lending

Investigations, analyses and rankings on debt lending that facilitates fossil fuel expansion, undermines climate goals and contradicts institutional ESG policies, helping counterparties to engage on climate issues and advocate for change.

All Bond spotlight Sustainability-Linked Bonds Climate risk pricing Fossil lending Nature loss Transparency Sovereigns and central banks Portfolio analysis Quantitative research
A financial analyst’s Bloomberg keyboard layout.

Bond portfolio fossil exposure review: PFA Pension

06/03/2021

PFA's engagement with Enbridge is positive but its position as a lender to Alberta poses issues.

Zero new coal mine financing? EQT infrastructure investors and Carmichael

02/03/2021

EQT’s recent JV with Adani likely breaches zero-based exclusionary rules.

An overhead photo of a road submerged by floodwater.

Short Total. Long Equinor (and/or iTraxx ESG)

02/03/2021

A credit short on Total, versus a long on Equinor could be attractive.

EQT and Adani Enterprises: Some ESG questions

24/02/2021

Private equity house EQT enters into JV with Adani Enterprises to build data centres.

Factories emitting pollution.

Brookfield: Coal and ESG mix like oil and water

11/02/2021

Brookfield looks set to launch a multi-billion dollar climate fund.

A financial analyst’s Bloomberg keyboard layout.

Coal, coup, CDP and credit: Adani Ports update

09/02/2021

In this report, we review the factors to be taken into account for Adani Ports bond investors.

The steps of a government building.

Green reputation hijacking: how multilateral green credit lines are used for Carmichael purposes

05/02/2021

In this report, we discuss how multilateral green credit lines are used.

Factories emitting pollution.

Biden and the oil sand vanguard: Inaugural credit action

23/01/2021

In this report, we analyse President Biden's early decision to cut the Keystone XL pipeline project.

The steps of a government building.

The Reformed SSA Trader: New Year's Exclusions

10/12/2020

In this report, we initiate our Supras, Sovereign and Agencies (SSAs) exclusion list.

Factories emitting pollution.

Private equity investment engagement and carbon foot-printing: A real-time case study

10/12/2020

Here we discuss private equity investment engagement and carbon foot-printing.

Factories emitting pollution.

Having State Bank Carmichael coal exposure?

10/12/2020

Here, we discuss the case for SBI refinancing its significant USD near-term maturities.

A financial analyst’s Bloomberg keyboard layout.

So long. Farewell. xAuf Wiedersehnx. Adieu.

02/12/2020

We discuss how the German coal decommissioning auction is shutting 4.8GW of hard coal power.

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