Gabe Louis

Corporate ‘middlemen’ mask who really profits from Australian fossil fuel projects, report warns Nominee companies – paid to be listed as shareholders on behalf of unnamed investors – could be reducing accountability over financial support of industry

Corporate ‘middlemen’ mask who really profits from Australian fossil fuel projects, report warns www.theguardian.com/australia-ne...

@theguardian.com coverage of @globalenergymon.bsky.social’s latest report using its Global Energy Ownership Tracker data

#beneficialownership #opendata

Who really owns 🇦🇺 ’s fossil fuel projects?

A new GEM analysis shows nominee branches of JP Morgan, Citibank & HSBC are listed as shareholders for 50+ coal, oil & gas projects obscuring project ownership.

+ emitting as much CO₂ as 4.4M Australian households.

Lack of regulation leads to nominee shareholding hiding who really profits from Australia’s coal, oil, and gas assets.

50+ fossil fuel projects are connected to Australian nominee companies.

Nominee companies are middlemen in corporate ownership — They hold shares in name only, masking the identity of the actual owners.

The Fossil Fuel Middlemen: How Nominee Structures Obscure Australian Investments in Coal, Oil, and Gas Key points Nearly 18% of Australia’s fossil fuel emissions are tied to companies whose ownership is hidden through nominee structures, according to a new report from Global Energy Monitor. Nominee com...

Excited to share GEM’s new report on how nominee companies hide the real owners of Australia’s fossil fuel projects.

Nominee branches of JPMorgan, Citibank & HSBC are connected to firms emitting 22m tonnes of CO₂/yr — equal to 4.4m Australian households.

🔗 globalenergymonitor.org/report/the-f...

Global Energy Ownership Tracker The Global Energy Ownership Tracker provides information on the chain of ownership for various energy projects. The data maps each level of the chain from the direct owner (as in, the lowest-level ide...

I'll be co-presenting with the Global Legal Entity Identifier Foundation about our initiative integrating the LEI into @globalenergymon.bsky.social Global Energy Ownership Tracker

INTRODUCING A NEW TOOL: Visualize the air pollution impacting 1.6 billion people in over 2,500 urban areas from the world’s top emitters of climate- and health-harming pollution.

Make the connection at ClimateTRACE.org/air-pollution.

🚨 New data: GEM’s Global #Bioenergy Power Tracker now covers 115 GW of operating capacity across 3,850 units in 116 countries.

China & Brazil lead the way — together holding 53 GW, w/China alone making up nearly 1/3 of global capacity.

🔗 Explore the dataset: globalenergymonitor.org/projects/glo...