Overview
- The NGO report published Tuesday quantifies roughly $6.5 trillion in equities and bonds of coal, oil and gas companies held by about 8,000 institutional investors using data through March 2026.
- More than 95 percent of those holdings are in companies that are actively expanding oil, gas or coal operations, a direct mismatch with the Paris Agreement goal of net zero by 2050.
- Nearly a quarter of the total is held by three investors—Vanguard, BlackRock and Saudi Arabia’s Public Investment Fund—and 21 asset managers account for half of the exposure with 18 of those based in the United States.
- The report flags long‑dated fossil bonds that lock capital past midcentury, citing Enbridge notes maturing in the 2080s and a Petrobras bond that runs to 2115 as examples.
- NGOs have called for restrictions or divestment and national media have highlighted local bank and insurer exposures, but the coverage reports no major regulatory action yet and major managers face growing reputational and policy pressure.