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Dirty 30

Thirty of the worst fossil fuel companies in the world that are using the bond market to finance coal, oil and gas expansion.

The list below, compiled by the Toxic Bonds Network, includes information on the bonds issued by 30 of the worst fossil fuel expansionists in the world.

The Dirty 30 have been identified using the Global Coal Exit List (GCEL) and Global Oil and Gas Exit List (GOGEL). Public listings along with cross-verification through the C-bonds database was used to identify outstanding USD and Euro bonds. Non-Euro or USD denominated bonds are not currently tracked.

Last update: 27 March 2024

Dirty 30 Issuers

Dirty Issuers
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COMPANYBOND AMOUNT
in USD		ORIGINAL
CURRENCY		PLACEMENTMATURITYARRANGERS/UNDERWRITERSBOND TYPELABELLED BONDCOUNTRYRATING
MS&PF
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Bond Type

  • Plain Vanilla’ refers to the most basic type of bonds, characterised by a fixed, pre-determined maturity. These bonds are also often referred to as ordinary.
  • ‘Structured’ refers to bonds that may be redeemed by the issuer before the stated maturity date (callable), and/or bonds with put options which give the holder of the bond the right to enforce repayment before the maturity is reached. Structured here also includes perpetual bonds.

Labelled bond

The ‘label’ column indicates whether the bond is either a green bond or a Sustainability-LinkedBond (SLB).

  • Green bonds are use-of-proceeds types of instruments, meaning the capital raised is earmarked for green activities.
  • SLBs are general finance bonds but include forward looking sustainability performance targets.

 

For more information, please contact fabiola.schneider@ucd.ie.