Coal
Conduct Screen Fossil Fuels
Companies that mine, process, transport, or trade thermal or metallurgical coal as a primary business activity. Includes coal-fired power generators where coal is the dominant fuel source. Distinct from fossil_fuels_upstream (oil/gas E&P) and extractive_industries (non-fuel mining).
91 companies currently excluded under this screen
Excluded Companies (91 total)
Showing 91 of 91 companies excluded under this screen.
| Ticker | Company | Reason |
|---|---|---|
| 2380 | China Power International Development Ltd | China Power International Development Ltd is a coal-fired power generator where coal is the dominant fuel source. In 2010, the company entered into a 20-year, US$60 billion contract to purchase coal f... |
| 2638 | HK Electric Investments & HK Electric Investments Ltd | HK Electric Investments & HK Electric Investments Ltd operates Hong Kong Island's electricity generation and distribution network. Its primary fuel source is coal, which accounted for approximately 70... |
| 3948 | Inner Mongolia Yitai Coal | Inner Mongolia Yitai Coal Co., Ltd. is a major Chinese coal producer whose core business is the mining, production, transportation, and sale of thermal coal. The company reported trailing twelve-month... |
| 539 | Guangdong Electric Power Development Co Ltd | Guangdong Electric Power Development Co., Ltd. is primarily engaged in thermal power generation, with coal as its dominant fuel source. The company's own 2016 annual report explicitly states that its ... |
| 600027 | Huadian Power International Corp Ltd | Huadian Power International Corp Ltd is principally engaged in the generation and sale of electricity, heat, and coal. The company operates a large-scale power generation fleet, with coal-fired plants... |
| 600188 | Yanzhou Coal Mining Co Ltd | Yanzhou Coal Mining Co. Ltd. is a major Chinese coal producer, operating 11 active coal mines. Its primary business activity is the mining and sale of thermal and metallurgical coal. The company is a ... |
| 600726 | Huadian Energy Co Ltd | Huadian Energy Co Ltd operates as a coal-fired power generator in China. The company's primary business activity is electricity generation from coal, which aligns with the exclusion criteria for compa... |
| 600886 | SDIC Power Holdings Co Ltd | SDIC Power Holdings Co Ltd is a major Chinese power generator whose operations are dominated by coal-fired electricity production. The company's installed capacity is heavily reliant on coal, with coa... |
| 601088 | China Shenhua Energy | China Shenhua Energy is China's largest coal mining company and was excluded by NBIM (April 2016) under the product-based coal criterion. Coal mining and coal-fired power generation are core business ... |
| 9504 | Chugoku Electric Power Co Inc/The | The Chugoku Electric Power Company operates a significant fleet of thermal power generation facilities, which are primarily coal-fired. As of March 31, 2025, the company reported ¥329.6 billion ($2.1 ... |
| 9505 | Hokuriku Electric Power Co | Hokuriku Electric Power Company (Hokuden) operates a generation fleet that is heavily reliant on coal-fired power. As of its most recent reporting, the company's thermal power stations, which are pred... |
| 9506 | Tohoku Electric Power Co Inc | Tohoku Electric operates coal-fired power stations including Noshiro and Haramachi in Fukushima. Began commercial operation of a new coal unit at Noshiro in 2020. Involved in development of a coal pla... |
| 9507 | Shikoku Electric Power Co Inc | Shikoku Electric Power Company operates approximately 1,450 MW of coal-fired generation across two power stations. The Saijo Power Station in Ehime Prefecture includes Unit 1R (500 MW, ultra-supercrit... |
| 9508 | Kyushu Electric Power Co Inc | Kyushu Electric Power Co., Inc. operates a generation fleet that remains heavily dependent on coal-fired power. As of March 2024, coal-fired power plants accounted for approximately 40% of the company... |
| 9509 | Hokkaido Electric Power Co Inc | Hokkaido Electric Power Co., Inc. (HEPCO) operates a generation fleet that is heavily reliant on coal-fired power plants. As of its most recent reporting, the company's key thermal power stations incl... |
| 9511 | Okinawa Electric Power Co Inc/The | Okinawa Electric Power Company operates a generation fleet that is approximately 80% coal-fired, with its largest power station, the 700 MW Kinjo Power Plant, burning imported coal. The company has no... |
| ADANIENT | Adani Enterprises | Adani Enterprises is India's largest private coal mining company, operating as a Mine Developer and Operator (MDO). The company is actively expanding its coal mining operations, including the Carmicha... |
| AEE | Ameren Corp | Ameren Corporation operates a generation fleet that remains heavily reliant on coal-fired power. As of its 2024 Sustainability Report, Ameren Missouri's regulated utility subsidiary has approximately ... |
| AEP | American Electric Power Co Inc | American Electric Power Company Inc. operates one of the largest coal-fired electricity generation fleets in the United States. As of its 2021 10-K filing, the company's generation mix was heavily rel... |
| AES | AES Corp | AES Corporation operates coal-fired power generation facilities in multiple countries, including Chile through its subsidiary AES Andes. As of 2023, AES Andes reported a total installed capacity of 4,... |
| AGLNF | AGL Energy Ltd | AGL Energy Ltd operates Australia's largest private electricity generation portfolio, which remains heavily reliant on coal-fired power stations. In FY25, thermal coal generation revenue rose 24% to $... |
| AMR | ALPHA METALLURGICAL RESOURCE INC | Alpha Metallurgical Resources derives its revenue primarily from mining, processing, and trading metallurgical and thermal coal. As a pure-play coal producer, its core business activity falls squarely... |
| AP | Aboitiz Power Corp | Aboitiz Power Corp operates a significant portfolio of coal-fired power generation assets. Its 340-megawatt Toledo power plant in Cebu is a coal-fired facility, and the company has defended its coal e... |
| ARLP | Alliance Resource Partners LP | Alliance Resource Partners LP is a major U.S. coal producer, deriving the substantial majority of its revenue from the mining and marketing of thermal coal. The company operates multiple mining comple... |
| BHP | BHP Group Ltd/BHP Group Plc | BHP Group is a diversified mining company that remains one of the world's largest producers of metallurgical coal through the BHP Mitsubishi Alliance (BMA). BMA operates five mines in Queensland, Aust... |
| BRK.B | BERKSHIRE HATHAWAY INC | Through its wholly-owned subsidiary Berkshire Hathaway Energy, the company operates one of the largest fossil fuel generation fleets in the United States via PacifiCorp, MidAmerican Energy, and NV Ene... |
| BTU | Peabody Energy Corp | Peabody Energy is a leading global producer and marketer of coal, deriving its primary revenue from the mining, sale, and distribution of thermal coal for electricity generation and metallurgical coal... |
| CCNC | Code chain new continent limted | Code Chain New Continent Limited, now operating as GD Culture Group Limited, is a wholesale trader of thermal coal and coke. Its primary business segment is coal wholesale, which includes the sales, s... |
| CEIX | CONSOL Energy Inc | CONSOL Energy Inc. is a producer and exporter of high-Btu bituminous thermal and metallurgical coal. Its primary business activity is the extraction, processing, and transportation of coal from its Pe... |
| CESC | CESC Ltd | CESC Limited operates coal-fired power generation as a core business activity. The company owns and operates two thermal power plants with a combined capacity of 1,225 MW, which are predominantly fuel... |
| CLPHF | CLP Holdings Ltd | CLP Holdings operates a diversified generation portfolio across the Asia-Pacific region, which includes significant coal-fired power capacity. The company's assets include coal-fired plants in Austral... |
| CMS | CMS Energy | CMS Energy operates the 1,540 MW J.H. Campbell Generating Complex in West Olive, Michigan through its subsidiary Consumers Energy. The plant comprises three coal-fired units: Unit 1 (265 MW, 1962), Un... |
| CMS-B | CMS Energy Corp | CMS Energy, through its subsidiary Consumers Energy, operates the J.H. Campbell coal-fired power plant in Michigan. The plant has been the subject of multiple consecutive U.S. Department of Energy eme... |
| CNP | CenterPoint Energy | CenterPoint Energy operates coal-fired generation through its Indiana subsidiary (formerly Vectren/SIGECO, acquired 2019). The F.B. Culley Generating Station in Warrick County includes Unit 2 (104 MW)... |
| CNR | CORE NATURAL RESOURCES INC | Core Natural Resources Inc is a producer and exporter of metallurgical and thermal coal, owning and operating 11 mines in North America. The company describes itself as a leading global supplier of co... |
| COALINDIA | Coal India Ltd | Coal India Limited is the world's largest government-owned coal producer, mining over 770 million tonnes of coal in the 2023-24 financial year. The company operates 352 mines across eight Indian state... |
| CPXWF | Capital Power Corp | Capital Power Corporation operates the Genesee Generating Station, a 1,363 MW power facility west of Edmonton, Alberta. Historically fueled by coal, the plant was responsible for approximately 22% of ... |
| CRPJY | China Resources Power Holdings Co Ltd | China Resources Power Holdings operates a generation fleet that is overwhelmingly dependent on coal. Its Thermal Power segment, which constitutes its primary business activity, is engaged in the inves... |
| CUAEF | China Shenhua Energy Co Ltd | China Shenhua Energy Co Ltd is the world’s largest coal producer by volume and a subsidiary of the state-owned China Energy Investment Corporation. Its primary business activity is the mining, process... |
| DIPGY | Datang International Power Generation Co Ltd | Datang International Power Generation Co Ltd operates a power generation fleet where coal-fired thermal plants are the dominant fuel source. The company is also engaged in coal mining and trading to s... |
| DMC | DMCI Holdings Inc | DMCI Holdings derives significant revenue from coal mining through its subsidiary Semirara Mining and Power Corporation, one of the largest coal producers in the Philippines. The company extracts coal... |
| DSSA | DIAN SWASTATIKA SENTOSA | PT Dian Swastatika Sentosa Tbk (DSSA) is an Indonesian conglomerate whose primary business activity is coal mining and trading. The company operates through its subsidiary, PT Golden Energy Mines Tbk ... |
| DSSA.JK | PT Dian Swastatika Sentosa Tbk | PT Dian Swastatika Sentosa Tbk is primarily engaged in thermal coal mining and trading through its subsidiaries PT Golden Energy Mines Tbk (GEMS) and PT Sumber Energi Andalan. The company’s core busin... |
| DTE | DTE Energy Co | DTE Energy operates a fleet of coal-fired power plants that historically constituted its primary generation source. As of recent reporting, coal still accounted for approximately 60% of its electricit... |
| EGCO | Electricity Generating PCL | Electricity Generating PCL (EGCO Group) indirectly holds a 40% stake in Muara Enim Mining, which owns and operates an open-pit coal mining project in Indonesia. This coal mining business is reported a... |
| EMRAF | Emera Inc | Emera Inc. operates Nova Scotia Power, which generates approximately 60% of its electricity from coal-fired plants. This makes coal the dominant fuel source for a core subsidiary within Emera's regula... |
| EPQDF | Electric Power Development Co Ltd | Electric Power Development Co., Ltd. (J-POWER) operates a significant fleet of coal-fired power plants, which constitute its dominant generation source. The company is a lead developer and operator of... |
| ETR | Entergy | Entergy Corporation operates coal-fired power plants that rank among the highest emitters of sulfur dioxide and nitrogen oxides in the United States. The White Bluff plant ranked sixth and the Indepen... |
| EVRG | Evergy Inc | Evergy operates a generation fleet that remains heavily reliant on coal-fired power plants. As of its 2024 annual report, coal and other solid fuels accounted for approximately 35% of its total megawa... |
| EXX | Exxaro Resources Ltd | Exxaro Resources is among South Africa's top five coal producers, deriving the vast majority of its revenue from the mining and sale of thermal and metallurgical coal. The company's primary business a... |
| FE | FirstEnergy Corp | FirstEnergy Corp operates a generation fleet that is approximately 56% coal-fired, with coal accounting for the dominant share of its fuel mix. The company’s regulated utilities rely heavily on aging ... |
| GLEN | Glencore (Aluminium) | Glencore is the world's largest exporter of thermal coal and a major producer of steelmaking coal. In 2025, the company produced 98.0 million tonnes of energy (thermal) coal from operations in Colombi... |
| GLNCY | Glencore PLC | Glencore plc is one of the world's largest producers and exporters of seaborne thermal and metallurgical coal. The company is the biggest producer of thermal coal in Australia and its coal operations ... |
| GMDCLTD | Gujarat Mineral Development Corp Ltd | Gujarat Mineral Development Corporation Limited (GMDC) is a state-owned mining company and India’s leading producer and merchant seller of lignite, a low-grade form of coal. The company operates multi... |
| HCC | WARRIOR MET COAL INC | Warrior Met Coal is a U.S.-based producer dedicated entirely to mining metallurgical coal, a critical input for steelmaking. Its operations are concentrated in Alabama, where it extracts and processes... |
| HNP | Huaneng Power International Inc | Huaneng Power International is one of China’s largest power generators, with a fleet heavily reliant on coal-fired generation. The company operates numerous large-scale coal power plants across China ... |
| HNRG | HALLADOR ENERGY | Hallador Energy operates through its subsidiary Sunrise Coal, LLC, which is Indiana's third-largest coal producer. The company mines high-quality bituminous thermal coal from underground mines in the ... |
| IDA | IDACORP Inc | IDACORP is the parent company of Idaho Power, a regulated electric utility that continues to operate coal-fired generation capacity. Coal remains part of its energy mix despite gradual transition effo... |
| KEP | Korea Electric Power Corp | Korea Electric Power Corporation (KEPCO) is South Korea's state-owned electric utility and the country's largest single emitter of greenhouse gases. Its power generation subsidiaries operate a fleet t... |
| LNT | Alliant Energy Corp | Alliant Energy operates a generation fleet that remains heavily reliant on coal-fired power plants. As of its most recent reporting, the company's Edgewater Generating Station in Sheboygan, Wisconsin,... |
| LWB | Lubelski Wegiel Bogdanka SA | Lubelski Wegiel Bogdanka S.A. is a major Polish producer of hard coal, with thermal coal for electricity and heat generation constituting its primary source of revenue. The company is one of the large... |
| METC | RAMACO RESOURCES INC | Ramaco Resources operates four active metallurgical coal mining complexes in Central Appalachia, producing over 4 million tons of metallurgical coal annually. The company’s core business is the extrac... |
| MGEE | MGE Energy Inc | MGE Energy operates through its subsidiary Madison Gas and Electric (MGE), which serves approximately 170,000 electric customers in Wisconsin. The company's generation portfolio has historically been ... |
| NHPEF | New Hope Corporation Limited | New Hope Corporation Limited is a thermal coal mining company whose primary business is the extraction, processing, and export of coal. It operates the Bengalla Mine in New South Wales and the New Acl... |
| NI | NiSource | NiSource's subsidiary NIPSCO (Northern Indiana Public Service Company) operates coal-fired generation at two facilities. The R.M. Schahfer Generating Station in Jasper County includes Units 17 and 18,... |
| NRG | NRG Energy Inc | NRG Energy operates a significant portfolio of coal-fired power generation assets. As of its most recent disclosures, the company manages multiple coal plants, including the Big Cajun II facility in L... |
| NRP | Natural Resource Partners L.P. | Natural Resource Partners L.P. is a master limited partnership principally engaged in owning and managing mineral reserve properties, with its primary revenue driver being metallurgical coal. The comp... |
| NTPC | NTPC Ltd | NTPC Limited is India's largest power generation utility, with a business model fundamentally anchored in fossil fuels. As of its 2024-25 annual report, the company operates a fleet with an installed ... |
| NWE | NorthWestern Corp | NorthWestern Energy operates a generation fleet that is approximately 60% coal-fired, making coal its dominant fuel source. This includes ownership stakes in the Colstrip Generating Station, a major c... |
| OGE | OGE Energy Corp | OGE Energy Corp operates a generation fleet that is approximately 42% coal-fired, with its two largest power plants—the Sooner and Muskogee facilities—burning coal as their primary fuel. This reliance... |
| OTTR | Otter Tail Corp | Otter Tail Power Company, the utility subsidiary of Otter Tail Corporation, operates a generation fleet that is approximately 65% coal-fired. Its Big Stone coal plant in South Dakota is a central asse... |
| PGE | PGE Polska Grupa Energetyczna SA | PGE Polska Grupa Energetyczna S.A. is a state-controlled Polish energy company whose power generation remains overwhelmingly dependent on coal. The company operates extensive coal mining assets and co... |
| PNM | PNM Resources Inc | PNM Resources (renamed TXNM Energy, Inc. in August 2024, ticker changed to TXNM) retains a 13% ownership stake in Units 4 and 5 of the Four Corners Power Plant, a 1,540 MW coal-fired facility operated... |
| PNW | Pinnacle West Capital Corp | Pinnacle West Capital Corporation, through its subsidiary Arizona Public Service (APS), operates coal-fired power generation as a significant part of its energy mix. APS owns and operates the 1,027-me... |
| PPL | PPL Corporation | PPL's Kentucky subsidiaries (LG&E and KU) operate a generation fleet that is approximately 79% coal-fired, 20% natural gas, and 1% renewable — among the most carbon-intensive in the U.S. utility secto... |
| PTBA | Bukit Asam | PT Bukit Asam (Persero) Tbk is a state-owned Indonesian company whose core business is the mining, processing, and trading of coal. Its operations encompass the full coal value chain, from surveying a... |
| RELINFRA | Reliance Infrastructure Ltd | Reliance Infrastructure Limited operates coal-based thermal power plants as a core component of its energy generation portfolio. The company provides integrated design, engineering, procurement, and p... |
| RPOWER | Reliance Power Ltd | Reliance Power Limited is an Indian power generation company whose operational portfolio is dominated by coal-fired electricity. The company's flagship project is the 3,960 MW Sasan Ultra Mega Power P... |
| RWE | RWE AG | RWE AG operates one of Europe’s largest fleets of coal-fired power generation, primarily burning lignite from its own mines. The company’s Niederaussem power station, with a capacity of over 2.7 gigaw... |
| S32 | South32 (Diversified mining) | South32 was a diversified mining company with metallurgical coal operations at Illawarra Metallurgical Coal in New South Wales, Australia, producing approximately 5.5 million tonnes per year of premiu... |
| SSL | Sasol Limited | Sasol Limited operates one of the world's largest coal-to-liquids (CTL) facilities, a core business activity that defines the company. Its Secunda complex in South Africa consumes approximately 30–35 ... |
| SXC | Suncoke Energy | SunCoke Energy is the largest independent producer of metallurgical coke in the Americas, with a reported U.S. production capacity of approximately 3.7 million tons. The company's primary business is ... |
| TAC | TransAlta Corp | TransAlta Corp operates thermal coal-fired power generation facilities and historically mined coal for its own use. The company’s Highvale mine in Alberta, one of the largest thermal coal mines in Nor... |
| TATAPOWER | Tata Power Co Ltd/The | Tata Power Co Ltd/The operates a significant coal-fired power generation fleet. The company owns and operates the Jojobera coal-fired power plant in Jharkhand, India, which came online in 1996. As of ... |
| TNABY | Tenaga Nasional Bhd | Tenaga Nasional Bhd is Malaysia’s national power utility, controlling over 60% of the country’s electricity generation, transmission, and distribution. Coal-fired power generation remains a dominant p... |
| VST | Vistra Corp | Vistra Corp is one of the largest power generators in the U.S. and operates significant coal-fired power plant capacity. Despite some plant retirements, coal generation remains a material part of its ... |
| WEC | WEC Energy Group Inc | WEC Energy Group operates a generation fleet that remains heavily reliant on coal-fired power. According to its 2024 Corporate Responsibility Report, the company's owned and contracted generation mix ... |
| WHC | Whitehaven Coal Ltd | Whitehaven Coal Ltd is a pure-play thermal and metallurgical coal producer operating mines in New South Wales and Queensland, Australia. The company’s primary business activity is the mining, processi... |
| WSOUF | Washington H. Soul Pattinson and Company Limited | Washington H. Soul Pattinson and Company Limited (Soul Patts) is a diversified investment house whose portfolio includes a significant and material stake in thermal coal production. Its key holding is... |
| XEL | Xcel Energy Inc | Xcel Energy operates a significant fleet of coal-fired power plants, which historically formed the backbone of its electricity generation. As of 2022, coal accounted for approximately 21% of the compa... |
| YZCAY | Yankuang Energy Group Company Limited | Yankuang Energy Group Company Limited is a major integrated coal producer, mining, preparing, and selling thermal and metallurgical coal as its primary business activity. The company operates with a t... |
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
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