May 30th 2020: a new coal power plant for Germany, BNP Paribas and the ECB involved

The document criticizes the May 30, 2020, opening of the Datteln 4 coal power plant in Germany, alleging that Uniper and its parent company Fortum received significant financial support from BNP Paribas and the European Central Bank (ECB). It claims BNP Paribas provided USD 215 million to Uniper and USD 2.9 billion to Fortum between 2017 and 2019, and that the ECB continues to support Fortum through quantitative easing without considering climate impact.

• The Datteln 4 coal power plant in Germany began operations on May 30, 2020, despite European goals to phase out coal by 2030 to limit global warming to 1.5°C.
• BNP Paribas provided substantial funding to Uniper and Fortum from 2017 to 2019, totaling USD 215 million and USD 2.9 billion respectively, and failed to join investor efforts in March 2020 to push Fortum to abandon the Datteln IV plan.
• The European Central Bank (ECB) supports Fortum through its quantitative easing asset purchase program, which the document claims does not take climate considerations into account.

APA

admin (2020). May 30th 2020: a new coal power plant for Germany, BNP Paribas and the ECB involved. Reclaim Finance. https://reclaimfinance.org/site/en/2020/06/01/may-30th-2020-a-new-coal-power-plant-for-germany-bnp-paribas-and-the-ecb-involved%e2%80%af/

Chicago

admin. May 30th 2020: a new coal power plant for Germany, BNP Paribas and the ECB involved. Reclaim Finance, 2020. https://reclaimfinance.org/site/en/2020/06/01/may-30th-2020-a-new-coal-power-plant-for-germany-bnp-paribas-and-the-ecb-involved%e2%80%af/.

Wikipedia

{{cite press release |last1=admin |title=May 30th 2020: a new coal power plant for Germany, BNP Paribas and the ECB involved |publisher=Reclaim Finance |date=1 June 2020 |url=https://reclaimfinance.org/site/en/2020/06/01/may-30th-2020-a-new-coal-power-plant-for-germany-bnp-paribas-and-the-ecb-involved%e2%80%af/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{admin2020may, author = {admin}, title = {{May 30th 2020: a new coal power plant for Germany, BNP Paribas and the ECB involved}}, publisher = {Reclaim Finance}, year = {2020}, month = jun, url = {https://reclaimfinance.org/site/en/2020/06/01/may-30th-2020-a-new-coal-power-plant-for-germany-bnp-paribas-and-the-ecb-involved%e2%80%af/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }