Corporate Watch Wreckers of the Earth: a guide to ecocidal capitalism in London February 2020 For maps and more see: https://corporatewatch.org/londonmap2020/ Table of Contents Wreckers in London....................................................................................................................4 1. Primary planet-killers.......................................................................................................................6 1.1 Hydrocarbon majors..................................................................................................................6 1.1.1 The national oil companies................................................................................................6 1.1.2 The multinational “oil majors”...........................................................................................9 1.2 Hydrocarbons: smaller oil companies, frackers and UCG......................................................12 1.2.1 Smaller “conventional” oil and gas companies................................................................12 1.2.2 The frackers: “unconventional fossil fuels” specialists...................................................14 1.3 Oil and gas services and shipping............................................................................................16 1.3.1 Oilfield services...............................................................................................................16 1.3.2 Liquefied Natural Gas......................................................................................................17 1.3.3 Oil shipping and gas pipelines.........................................................................................18 1.4 Non-fossil energy: nuclear, biomass, dams….........................................................................19 1.4.1 Nuclear.............................................................................................................................20 1.4.2 Biomass............................................................................................................................21 1.4.3 Dams: hydropower companies.........................................................................................23 1.5 Mining: metals and minerals....................................................................................................23 1.6 Earth-killing infrastructure: engineering and construction......................................................29 1.6.1 Energy conglomerates......................................................................................................29 1.6.2 International engineering and construction giants...........................................................30 1.6.3 UK big builders................................................................................................................31 1.6.4 Cement producers............................................................................................................32 1.7 Agribusiness.............................................................................................................................33 1.8 Plastics and other chemical polluters.......................................................................................35 2. Secondary planet-killers.................................................................................................................38 2.1 Banks.......................................................................................................................................38 2.1.1 China’s Big Four..............................................................................................................39 2.1.2 Top 20 multinational investment banks...........................................................................40 2.1.3 Multilateral development banks.......................................................................................45 2.1.4 Smaller specialist banks...................................................................................................46 2.2 Investment funds......................................................................................................................49 2.2.1 Top 20 Institutional Investors...........................................................................................49 2.2.2 Sovereign Wealth Funds...................................................................................................52 2.2.3 Private Equity...................................................................................................................54 2.2.4 Hedge Funds....................................................................................................................56 2.2.5 Smaller earth-wrecking specialist investors.....................................................................59 2.3 Insurance companies................................................................................................................62 2.4 Other finance sector institutions..............................................................................................65 2.4.1 Auditors: the Big 4 accountancy firms.............................................................................65 2.4.2 The Rating Agencies........................................................................................................67 2.4.3 Exchanges........................................................................................................................68 2.5 Law firms.................................................................................................................................69 2.6 Military and security................................................................................................................72 2.6.1. Arms manufacturers........................................................................................................73 2.6.2 PSMCs (Mercenaries and security firms)........................................................................75 2.7 Government.............................................................................................................................77 3. Ideology industry............................................................................................................................79 3.1 Universities..............................................................................................................................80 3.2 Media.......................................................................................................................................82 3.2.1 Social media platforms.....................................................................................................82 3.2.2 TV and radio....................................................................................................................82 3.2.3 Newspapers (and news websites).....................................................................................83 3.3 Trade associations and Lobby groups......................................................................................84 3.5 Think tanks..............................................................................................................................90 3.5 PR firms...................................................................................................................................92 3.6 Greenwashing services............................................................................................................96 Corporate Watch Wreckers of the Earth: a guide to ecocidal capitalism in London (February 2020) “The earth is not dying, it is being killed, and those who are killing it have names and addresses.” Utah Phillips Our new "Wreckers of the Earth" map of London identifies planet-killing companies based in the city, giving their addresses and short descriptions. This directory, accompanying the map, presents all the company information in one document. It also features sector introductions which explain a bit more about the roles these companies play. London is one of the main global hubs of ecocidal capitalism. London is home to fossil fuel giants and to many of the worst mining polluters. It is the world's second largest financial centre (after New York). It is the key financial marketplace for Europe, the Middle East and Africa, and for trading oil, metals, minerals and other "commodities" sucked out of the earth. Lax regulation and tight security make London a money-laundering haven for the world's tyrants, oligarchs, and billionaires. The legacy of the British empire still lives in the infrastructure and services London offers: insurance markets, law firms, arms dealers, PR agencies, down to prestige shopping and investment property. Wreckers in London Capitalism is burning up our planet, devastating ecosystems and communities in its ceaseless hunger for profit. Everything is for sale, and the one great goal is growth: producing and consuming ever more stuff, even as it kills us. This engine of mass destruction is driven by burning forests: the long-dead forests of fossil fuels, and the living forests of today. Though we all play our parts in the consumer system, some people play much bigger parts than others. The people killing the earth are those directing the machine - and crushing any resistance to it. Our "Wreckers of the Earth" project has two aims: to identify the main planet-killers based in London; and to show how they work together