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<P>The latest research Global Coal Exit List<SUP>1</SUP> – an annually updated
report exposing banks and financial institutions funding the global coal
industry – once again names the <STRONG>Industrial Commercial Bank of China
(ICBC)</STRONG> as the top underwriter<SUP>2</SUP> for coal.</P>
<P><STRONG>If banks like ICBC continue business as usual, we won’t be able to
move out of coal in time to keep the science-backed 1.5°C warming limit within
reach.</STRONG></P>
<P>You’ve taken action with us before, now we’re counting on you again to
strengthen our campaign. Will you tell a friend or two, to take action with us,
too?</P>
<P style="TEXT-ALIGN: center"><A
style="PADDING-BOTTOM: 0.7em; BACKGROUND-COLOR: #61bae2; MARGIN: 1em 5px; PADDING-LEFT: 1.8em; PADDING-RIGHT: 1.8em; DISPLAY: inline-block; COLOR: #fff; FONT-SIZE: 1.5em; FONT-WEIGHT: bold; TEXT-DECORATION: none; PADDING-TOP: 0.7em; border-radius: 100px"
href="mailto:?subject=I%20support%20this%20campaign%2C%20you%20should%2C%20too!&body=Hi%20friend%2C%0A%0AThe%20latest%20research%20Global%20Coal%20Exit%20List%20%E2%80%93%20an%20annually%20updated%20report%20exposing%20banks%20and%20financial%20institutions%20funding%20the%20global%20coal%20industry%20%E2%80%93%20once%20again%20names%20the%20Industrial%20Commercial%20Bank%20of%20China%20(ICBC)%20as%20the%20top%20underwriter%20for%20coal.%0A%0AIf%20banks%20like%20ICBC%20continue%20business%20as%20usual%2C%20we%20won%E2%80%99t%20be%20able%20to%20move%20out%20of%20coal%20in%20time%20to%20keep%20the%20science-backed%201.5%C2%B0C%20warming%20limit%20within%20reach.%0A%0APledge%20your%20support%20here%3A%20350.org%2Ficbc">Tell
a friend to add their support</A></P>
<P>Most of the money to coal is now channeled through underwriting. Around US$
1.2 trillion was provided to coal companies through underwriting. ICBC claims
that they are an international sustainable leader, but in reality, they are the
largest underwriter for coal. It doesn’t make sense.</P>
<P><STRONG>ICBC is also the world’s biggest bank. It must use its potential to
be one of the key drivers of the energy transition to clean, community-friendly
energy while helping solve energy access problems for many communities.</STRONG>
But ICBC is still supporting the coal industry with huge sums of money, and not
coming up with a clear timeline to implement China’s national policy to stop
constructing new coal plants abroad.</P>
<P><STRONG>We believe ICBC can do better. If you do, too, help us amplify this
important news by <A
href="mailto:?subject=I%20support%20this%20campaign%2C%20you%20should%2C%20too!&body=Hi%20friend%2C%0A%0AThe%20latest%20research%20Global%20Coal%20Exit%20List%20%E2%80%93%20an%20annually%20updated%20report%20exposing%20banks%20and%20financial%20institutions%20funding%20the%20global%20coal%20industry%20%E2%80%93%20once%20again%20names%20the%20Industrial%20Commercial%20Bank%20of%20China%20(ICBC)%20as%20the%20top%20underwriter%20for%20coal.%0A%0AIf%20banks%20like%20ICBC%20continue%20business%20as%20usual%2C%20we%20won%E2%80%99t%20be%20able%20to%20move%20out%20of%20coal%20in%20time%20to%20keep%20the%20science-backed%201.5%C2%B0C%20warming%20limit%20within%20reach.%0A%0APledge%20your%20support%20here%3A%20350.org%2Ficbc">sharing
this with your friends</A>.</STRONG></P>
<P>Onwards,</P>
<P>Mahir, on behalf of the Go Clean ICBC team</P>
<P><EM>PS. Follow <A
href="https://act.350.org/go/251965?t=6&utm_medium=email&utm_source=actionkit&akid=189520%2E4050260%2EXbiviF">gocleanicbc.org</A>
to keep up-to-date with stories from communities affected by ICBC’s coal
investments.</EM></P>
<P><SPAN style="FONT-SIZE: 8pt"><STRONG>References:</STRONG></SPAN><BR><SPAN
style="FONT-SIZE: 8pt">1. <A
href="https://act.350.org/go/274740?t=7&utm_medium=email&utm_source=actionkit&akid=189520%2E4050260%2EXbiviF"
rel=noopener target=_blank>Global Coal Exit List Finance Research
2022</A></SPAN><BR><SPAN style="FONT-SIZE: 8pt">2. An underwriter is any party
that evaluates and assumes another party's risk for a fee, which often takes the
form of a commission, premium, spread, or interest. Agents and brokers represent
both consumers and insurance companies, while underwriters work for insurance
companies.</SPAN></P><IMG alt=""
src="https://act.350.org/o.gif?akid=189520.4050260.XbiviF">
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<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
title=350@350.org href="mailto:350@350.org">Mahir Ilgaz, 350.org</A> </DIV>
<DIV><B>Sent:</B> Tuesday, February 15, 2022 3:35 PM</DIV>
<DIV><B>Subject:</B> I hate to you break it to you but... 😞</DIV></DIV>
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