Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Cases / Money & influence

Finance, funds and markets

103 cases in 63 countries, 1946–2026. Most cases: United States (18), Iran (13), Russia (12), Venezuela (7), Brazil (6).

Finance, funds and markets · Denmark · 2030

Denmark to tax livestock emissions from 2030 at 300 kroner per tonne CO2e

Denmark is due to tax livestock emissions from 2030, at 300 kroner per tonne of CO2e, NBC News and AP reported in 2024. The cited sources do not say how much the tax would cut livestock emissions.

War and military activity · Iran · 2026

Iran's 2026 war-damage estimate of about USD 270bn and its calls for compensation and environmental accountability

Iran's government put direct and indirect damage from the war that began on 28 February 2026 at about USD 270bn, an early estimate with no breakdown. In October 2026 its foreign minister called for "responsibility and compensation" for wartime environmental damage.

About USD 270bn
Iran's government estimate of direct and indirect war damage since 28 February 2026
Key earnings undisclosedNo court case
Finance, funds and markets · Global · 2026

Loss and damage fund has paid about 55% of pledges as first approvals slip

The Loss and Damage Fund had USD 822 million pledged by March 2026 and about USD 449 million paid by April 2026. Some 176 applications seeking about USD 2.8 billion are waiting, and first approvals were pushed back to December 2026.

War and military activity · Ukraine · 2025–2026

Drone strike on the Chornobyl New Safe Confinement, 14 February 2025, and the repair funding

A drone struck the New Safe Confinement over the destroyed Unit 4 of the Chornobyl plant on 14 February 2025. The IAEA reported, as relayed by NucNet, that the structure had lost its primary safety functions; the EBRD put the repair cost at no less than EUR 500 million and Ukraine's Energy Ministry at EUR 412 million.

≥ EUR 500m vs EUR 412m
Repair cost: EBRD vs Ukraine's Energy Ministry
No court case
Finance, funds and markets · France · 2025

Insect-farming firm Ynsect enters judicial liquidation

Ynsect, a French insect-farming company that had raised about $600 million, entered judicial liquidation in December 2025 after financing efforts fell through, according to Vertical Farm Daily. The cited sources give no measured environmental outcome for the company's operations.

Finance, funds and markets · Kenya · 2025

USAID funding for Kenya's Northern Rangelands Trust ended in 2025

USAID, the main donor to the Northern Rangelands Trust, ended its funding in January 2025, and the agency closed on 1 July 2025. At stake for nature is the conservation work that funding supported, which the cited sources do not measure.

Finance, funds and markets · United States · 2025

California law adds $18 billion to wildfire fund, half from customers

SB 254, a 2025 California law, adds $18 billion over ten years to the Wildfire Fund that covers utilities' wildfire liabilities, and half is to be collected from customers' bills. The sources do not say how the other half is funded.

Finance, funds and markets · Global · 2025

Beyond Meat shares fall below $1 as company refinances debt

Beyond Meat's shares fell below $1 on 14 October 2025, down 73% for the year, as the company replaced 2027 debt with 2030 debt. At stake for nature is the alternative-meat model; the cited sources do not report a measured effect on land, wildlife or emissions.

Finance, funds and markets · United Kingdom · 2024–2026

England Biodiversity Net Gain market and Natural England statutory credits

Since February 2024 major building projects in England must deliver a 10% biodiversity gain for 30 years, on site or by buying off-site units. The state agency Natural England sells statutory credits as a last resort.

£42,000–£650,000
Natural England statutory credit price per credit (two credits per biodiversity unit)
No independent ecological evaluationUnder standard-setter review
War and military activity · Ukraine · 2024–2026

Suspicion notices over UAH 49.2 million in farmland demining contracts, Mykolaiv oblast

On 22 June 2026 Ukrainian investigators reported that six people had been notified of suspicion over humanitarian demining of agricultural land that, according to investigators, was not carried out. The damage to the state was stated as UAH 49.2 million; no court outcome is on record.

UAH 49.2 million
Damage to the state stated by investigators (budget money transferred for demining of farmland in Mykolaiv oblast)
No court case
Finance, funds and markets · Jamaica · 2024

Jamaica's World Bank catastrophe bond did not pay after Hurricane Beryl

The Bretton Woods Project reported that Jamaica's World Bank-brokered catastrophe bond failed to pay despite the devastation of Hurricane Beryl in 2024. The cited sources do not describe any effect on nature.

Mining · Niger · 2023–2026

Somaïr nationalisation, Orano's ICSID arbitration and the Niger uranium stock

Niger's military government took over the Somaïr uranium mine at Arlit in June 2025, and Orano is pursuing ICSID arbitration case ARB/25/8, in which a tribunal ordered Niger on 23 September 2025 not to sell Somaïr uranium. Orano put the uranium stock at nearly $310 million in December 2025.

Nearly $310 million
Value of the Somaïr uranium concentrate stock given by Orano (nearly 1,600 tonnes, AFP, December 2025)
Case pending / contestedKey earnings undisclosed
Mining · Mali · 2023–2026

Loulo-Gounkoto gold complex: Barrick–Mali dispute, provisional administration and settlement

Mali and Barrick, which owns 80% of the Loulo-Gounkoto gold complex, disputed taxes, dividends and the mining code from 2023; gold was seized, operations suspended in January 2025 and a provisional administrator ran the complex from June to December 2025. A settlement announced on 24 November 2025 included a payment of about FCFA 143 billion. Barrick's disclosures for the complex's tailings facility and cyanide plant record an "Extreme" consequence classification and cyanide limit exceedances.

≈ FCFA 143 bn
Cash payment at settlement, 28 November 2025
Court ruling existsKey earnings undisclosed
Finance, funds and markets · Greece · 2023–2026

TUI Care Foundation sponsorship of ARCHELON in Crete and the "Turtle-Friendly" hotel certificate

From 1 June 2023 to 31 May 2026 the TUI Care Foundation funded ARCHELON's "TUI Turtle Aid Greece" project. Eight northern Crete hotels received a "Turtle-Friendly" certificate designed by the foundation; no independent audit of the certificate was found.

1,728
Nests protected in northern Crete over three years (ARCHELON report)
No independent ecological evaluationKey earnings undisclosed
Oil, gas and coal operations · Russia · 2022–2026

Sakhalin-2 and Sakhalin-1 in 2022: transfer decrees, the ecological-audit deduction clause and write-downs

Presidential Decree No. 416 of 30 June 2022 passed the rights of the Sakhalin-2 operator to a new Russian company and provided that a government audit, including an ecological audit, would set a damage amount to be debited from foreign shareholders' sale proceeds. Shell recorded a USD 1,614 million impairment on Sakhalin-2, and ExxonMobil said Russia terminated its Sakhalin-1 interests on 14 October 2022.

RUB 94.8 billion
Sale price of Shell's 27.5% stake, paid into a Type "C" account
Case pending / contestedNo independent ecological evaluation
Law, regulation and treaties · Russia · 2022–2026

FSC suspension of Russia and Belarus and birch plywood sanctions cases in the EU

In March 2022 the Forest Stewardship Council suspended trading certificates in Russia and Belarus and blocked controlled wood sourcing from both. After the EU banned Russian wood imports in April 2022, enforcement actions over birch plywood declared as Kazakh or Turkish followed in Poland, the Netherlands, Latvia and Greece.

over €1.5 billion
Birch plywood estimated to have entered the EU since sanctions (Earthsight)
Case pending / contestedNo independent ecological evaluation
War and military activity · Ukraine · 2022–2026

Ukraine's mine contamination, the farmland demining programme and mine-action money

Ukrainian authorities put the area potentially contaminated with mines and explosive remnants of war at over 130,000 km² in April 2026, and the World Bank put the cost of explosive hazard management and debris clearance at almost USD 28 billion in February 2026. The state farmland programme had concluded 175 contracts covering almost 34,000 hectares by October 2026, and the US-Ukraine fund signed its first minerals deal on 2-3 October 2026.

almost USD 28 billion
World Bank estimate of the cost of explosive hazard management and debris clearance (RDNA5, 23 February 2026)
No independent ecological evaluation
Finance, funds and markets · Vietnam · 2022–2023

FSC suspends Vietnamese pellet producer over false certification claims

The Forest Stewardship Council suspended An Viet Phat Energy, a Vietnamese wood-pellet producer, over false certification claims on large volumes of pellets. The cited sources do not report any forest impact of the claims.

Finance, funds and markets · Pakistan · 2022–2026

Loss and damage fund has paid about 55% of its $822m pledges

Pakistan's 2022 floods were met with an $11bn pledge, and about $2.8bn had been paid, roughly half of it in credit unrelated to the floods. The Fund for responding to Loss and Damage had $822m pledged and about $449m paid, and no approval had been granted by October 2026.

Finance, funds and markets · European Union · 2022–2025

EU court rejects Austria's challenge to green label for gas and nuclear

The EU added certain gas activities to its sustainable investment classification (taxonomy) in 2022. In September 2025 the EU General Court rejected Austria's challenge to the green label for gas and nuclear, leaving the classification in place.

Finance, funds and markets · United States · 2022

Tillamook faces suit over farm imagery as Fairlife settles for $21m

A lawsuit against Tillamook alleges that most milk in its products came from large facilities, not the coastal farms shown in its advertising. Coca-Cola and others agreed to pay $21 million to settle Fairlife animal-abuse litigation; at stake is whether dairy marketing reflects where the milk comes from.

Tree planting · Mongolia · 2021–2026

Mongolia's One Billion Trees movement: pledges, offset trees and reported survival rates

A presidential decree presented on 4 October 2021 launched a national campaign to plant one billion trees by 2030. Reported totals mix trees planted directly with “offset” trees counted from investment, and reported survival rates differ by source.

83.9 million
Trees reported by the National Forest Agency, May 2025
No court caseNo independent ecological evaluation
Carbon credits · Sahel · 2021–2024

Sahel restoration carbon finance: AFR100 pledges, a projected USD 28bn carbon asset value and 11 registered projects in Great Green Wall countries

AFR100 stated that 33 African countries had committed to restore 129.27 million hectares, with USD 1bn in development finance and USD 481 million in private commitments. A December 2024 WEF and Tree Aid paper projected carbon asset value of up to USD 28bn in Great Green Wall countries, where 11 of Africa's 74 registered nature-based voluntary carbon projects were located.

Up to USD 28bn
Projected carbon asset value, Great Green Wall countries
No court case
Finance, funds and markets · Argentina · 2021

Argentina's Forest Law fund got 4.8% of its legal floor in 2021

Argentina's national Forest Law fund was allocated 4.8% of its legal floor in 2021, according to Chequeado. At stake: funding for forest protection under the law.

Finance, funds and markets · United States · 2021–2024

TC Energy's claim over Keystone XL cancellation dismissed for lack of jurisdiction

A NAFTA tribunal rejected TC Energy's claim of more than $15 billion over the US cancellation of the Keystone XL permit, ruling in July 2024 that it lacked jurisdiction. Alberta's taxpayers were left with about C$1.3 billion of losses after the cancellation, according to Global News.

Tree planting · Kazakhstan · 2020–2026

Kazakhstan's two-billion-tree programme

A 2020 presidential instruction set a target of planting at least 2 billion trees on forest-fund land by 2025; the programme was extended to 2027. Ministry figures put annual tree survival between 31.2% and 50.5% in 2021–2024, against a launch target of 65%, and a Mazhilis deputy said in 2025 that millions of trees reported as planted in some regions could not be found.

31.2%–50.5%
Survival of planted trees by planting year (Ministry of Ecology)
No court case
Tree planting · Uzbekistan · 2018–2026

Afforestation of the dried Aral Sea bed in Uzbekistan

The Government of Uzbekistan states that protective plantings were set up on about 2 million hectares of the dried Aral Sea bed in 2018–2025 to hold down sand, salt and dust. The government releases state no budget and no survival rate; a forestry scientist put sapling survival at 50–70% in wetter years and about 30% in low-rainfall years.

2 million ha
Area the government reports planted on the dried seabed, 2018–2025
No court caseKey earnings undisclosed
Mining · Venezuela · 2018–2026

Venezuelan gold exports to Turkey and the UAE and US sanctions on Minerven and the Central Bank

The Central Bank of Venezuela sold tens of tonnes of gold to Turkish and Emirati buyers in 2018–2019. The US sanctioned the gold sector, Minerven and the bank in 2018–2019, and in March 2026 issued licences allowing Venezuelan gold into the United States.

US$779 million
Venezuelan gold exported to Turkey, January–May 2018 (TurkStat, via Reuters)
Key earnings undisclosed
Law, regulation and treaties · Ukraine · 2018–2025

Carpathian beech, IKEA's supply chain and FSC certification: Earthsight's 2020 findings and the responses

In June 2020 the NGO Earthsight reported that beech logged in Zakarpattia during a legal silence period reached FSC-certified IKEA products. IKEA, the Forest Stewardship Council and the Ukrainian processor VGSM gave differing accounts, and Ukrainian prosecutors later notified officials of suspicion in other Carpathian logging cases.

109
Logging sites identified by the State Ecological Inspectorate at one forestry enterprise, 2018
No court caseKey earnings undisclosed
Finance, funds and markets · Mexico · 2018

7.2 million pesos meant for vaquita protection diverted, Excélsior reported

Excélsior reported in 2018 that 7.2 million pesos intended for protecting the vaquita porpoise were diverted. Other figures on spending and the vaquita count are unconfirmed, so the scale of harm to the species is not established.

Finance, funds and markets · United States · 2018–2022

SoCalGas paid the bills of a group fighting building electrification in California

Southern California Gas Company paid the bills of C4BES, a group opposing the switch from gas to electric buildings, from March 2018, DeSmog reported. A regulatory judge later found that ratepayer money had been spent on uses inconsistent with its purpose.

Oil, gas and coal operations · Kazakhstan · 2017–2026

Almaty CHP-2 coal-to-gas conversion, Kazakhstan

Almaty's coal-fired combined heat and power plant CHP-2 is being converted to gas with loans from the EBRD and the Asian Development Bank; the cost estimate rose from KZT 98 billion to KZT 388 billion. The state hydrometeorological service and independent monitors report different air-quality trends for the city.

KZT 98 bn → 388 bn
Cost estimate for the conversion
No court caseNo independent ecological evaluation
Mining · Uzbekistan · 2017–2026

Almalyk MMC copper expansion: export-credit and bank financing, and a 48 billion soum environmental compensation demand

Almalyk Mining and Metallurgical Complex is expanding its Yoshlik I copper project with foreign bank financing, including a US$ 2.55 billion KfW IPEX-Bank mandate and a UK Export Finance guarantee. In April 2026 the environmental regulator demanded 48 billion soums in compensation after an Ecopolice raid in which it named hazardous waste stored in the open and wastewater discharged into the Angren River.

48 bn soums
Environmental compensation demanded by the regulator, April 2026
No court caseKey earnings undisclosed
Chemical pollution · Iran · 2017–2025

Iran's Clean Air Law and urban air pollution in Tehran and Ahvaz

A parliamentary commission found 22 of the 2017 Clean Air Law's 57 articles weakly implemented in 2023. The Health Ministry attributed 58,975 deaths among people over 30 to PM2.5 in the Iranian year 1403 and put the economic loss at about US$17.2 billion; the head of the Tehran Province Judiciary said five former managers were convicted of dereliction of duty under the law.

58,975
Deaths attributed to PM2.5, Iranian year 1403 (March 2024 to March 2025), Health Ministry
Court ruling existsKey earnings undisclosed
Water use · Iran · 2016–2025

Persian Gulf and Oman Sea desalinated water transfer to Kerman, Yazd and Isfahan

A pipeline and desalination programme carries seawater from the Persian Gulf and Oman Sea to mines and steel plants in Kerman, Yazd and Isfahan, financed by the National Development Fund, Iranian banks and the mining and steel companies that receive most of the water. The first 850 km line was reported at US$1 billion for 180 mcm per year.

US$1bn
Reported cost of the first 850 km line to Kerman and Yazd
No court caseNo independent ecological evaluation
Finance, funds and markets · United States · 2016

Wyss Foundation has given over $807 million to US environmental causes since 2016

The Wyss Foundation and linked groups, including Sixteen Thirty Fund, have funded US political causes alongside a nature campaign now at $1.5 billion. The Federal Election Commission found no evidence of abuse but criticised groups for not showing restricted grant contracts.

Finance, funds and markets · Italy · 2015–2026

Rockhopper v. Italy (Ombrina Mare): the ICSID award and who financed it

A tribunal ordered Italy to pay Rockhopper Exploration EUR 190 million plus interest after Italy banned oil and gas activity within 12 miles of its coast. An ICSID committee annulled the award in 2025, and the claim was re-opened.

EUR 190 million + interest
Award against Italy, annulled in 2025
Court ruling existsCase pending / contested
Mining · Russia · 2015–2026

Nornickel Sulphur Programme: SO2 targets, spending and measured emissions at Norilsk and Kola

Nornickel has published successive SO2 reduction targets and investment totals for its Norilsk and Kola smelters since 2015. Company-reported Norilsk emissions were 1,146 kt in 2025 against 1,854 kt in 2015; NASA's satellite catalogue lists different values for the same years.

−38%
Company-reported Norilsk SO2 emissions, 2025 against 2015
No court caseKey earnings undisclosed
Wildfire · Russia · 2015–2026

Russia's forest-fire control zones and federal fire-service funding

Since 2015 Russian rules have let regional commissions stop or suspend suppression of forest fires in designated control zones when forecast suppression costs exceed forecast harm. The Accounts Chamber put the zones at 534.4 million ha in 2020 and found burned area up 2.2 times and reported damage down 3 times between 2017 and 2021.

2.2× area, 2.1× spending
Burned area against fire-protection spending, 2021 compared with 2017
No court case
Protected area / relocation · Iran · 2015–2025

Hyrcanian forests logging moratorium: announced budgets, partial allocation and the 2025 Elit fire

Iran halted commercial logging in its northern Hyrcanian forests from late 2016 and wrote the ban into the Sixth Development Plan in January 2017. Officials announced budgets and a compensation credit; the amounts actually paid to forestry-plan operators are not on record, and a wildfire in November 2025 drew a CHF 500,000 IFRC allocation.

about 20%
Share of the 800 billion rial forest-protection budget allocated by June 2017
No court caseKey earnings undisclosed
Mining · Burkina Faso · 2015–2026

Burkina Faso mine rehabilitation fund collected 29.59% of expected contributions in 2023 and 49.55% in 2024

Industrial mines, semi-mechanised mines and industrial quarries in Burkina Faso pay into the FRFM, a fund for rehabilitating land affected by extraction. The fund collected CFA 7.22bn of CFA 24.39bn expected in 2023 and CFA 13.73bn of CFA 27.71bn in 2024; the government announced firmness toward non-paying operators.

29.59% (2023); 49.55% (2024)
Collected against expected contributions
No court caseKey earnings undisclosed
Water use · Iran · 2014–2024

Electricity and diesel for groundwater pumping in Iran: subsidies and payments

The IMF estimated Iran's explicit energy subsidies at US$58.7 billion in 2019, almost 10% of GDP, according to the World Bank. Programmes to electrify diesel-powered agricultural wells were estimated at US$1.2 billion in 2019, and in 2024 the state utility Tavanir began paying farmers to cut pumping at peak hours.

US$58.7bn
Explicit energy subsidies in Iran, 2019 (IMF estimate via World Bank)
No court caseKey earnings undisclosed
Protected area / relocation · Burkina Faso · 2014–2021

Burkina Faso Forest Investment Program project: 3.78 million tCO2eq in emission reductions estimated with an ex-ante tool

A World Bank-administered Forest Investment Program project spent USD 23.7 million in grants across 32 communes in Burkina Faso between 2014 and 2021. The 3.78 million tCO2eq in emission reductions it reported was estimated with an ex-ante tool because the monitoring, reporting and verification system was not completed.

3.78 vs 3.52 million tCO2eq
Emission reductions estimated against target
No court caseNo independent ecological evaluation
Finance, funds and markets · Mexico · 2014–2026

Río Sonora copper sulphate spill and repair fund

In August 2014 about 40,000 cubic metres of acidic copper sulphate solution from a Grupo México mine entered the Sonora River in Mexico. A fund committed at 2,000 million pesos was closed in 2017 after about 1,000 million had been deposited; the Supreme Court later held the closure invalid, and in February 2026 the federal government said 500 of an agreed 1,500 million pesos had been deposited.

~1,000 vs 20,508
Paid into the repair fund vs Semarnat damage estimate
Court ruling existsCase pending / contested
Finance, funds and markets · United States · 2013–2026

US syndicated conservation easement tax shelters (EcoVest, Fisher and Sinnott)

Investors in US partnerships bought land and donated conservation easements, claiming federal tax deductions that an IRS preliminary analysis put at an average of $9 per $1 invested. The IRS, a Senate investigation, courts and Congress acted over several years, and two promoters were convicted in 2023.

1.2%
Share of a $180 million deduction claim that a court allowed (Hancock County, Mississippi, March 2026)
Court ruling existsCase pending / contested
Trophy hunting revenue · Iran · 2013–2025

Iran hunting permits for wild sheep and wild goat: Department of Environment prices for foreign hunters, 2018–2025

Iran's Department of Environment issues quotas for urial, mouflon and wild goat in private reserves. In 2018 its hunting office head described permits sold to foreign hunters by the National Environment Fund at 50–70 million toman against a government price of 900,000 toman, and in 2025 a Larestan ram permit was reported at up to €40,000.

50–70 million toman vs 900,000 toman
Permit price to foreign hunters vs government price, per permit, 2018
Court ruling existsKey earnings undisclosed
War and military activity · Sudan · 2013–2028

Sudan gum arabic belt: wartime production losses and EU and GCF funding

Sudan's annual gum arabic production fell from 150,000 tons to 60,000 tons because of the conflict, according to the UN Panel of Experts, which also reported traders' accounts of about 3,700 tons "looted" in Darfur in the first half of 2024 and attributed it to the RSF, allied militias and SLA/MM. The EU and the Green Climate Fund had committed money to the gum belt, including a USD 9,975,000 GCF grant.

150,000 → 60,000 tons
Annual gum arabic production in Sudan, before and after the conflict (UN Panel of Experts)
No court caseNo independent ecological evaluation
Finance, funds and markets · United Kingdom · 2013–2025

Court of Appeal ruled ScottishPower's Ofgem settlement payments deductible

ScottishPower's 2013 to 2016 settlements with the energy regulator Ofgem included symbolic £1 penalties and payments to consumers and charities. The Court of Appeal ruled in January 2025 that payments other than the £1 penalty can be deducted for tax, and the Supreme Court has granted permission to appeal.

Finance, funds and markets · Libya · 2012–2024

Derna dams collapse in 2023 after maintenance funds were not spent on upkeep

The dams above the Libyan city of Derna collapsed in September 2023, with death toll estimates from about 4,000 to more than 11,000. Maintenance money allocated in 2012 and 2013 was not spent on upkeep, and the cited sources give no environmental figures for the flood.

Finance, funds and markets · Canada · 2012–2013

About 100 tonnes of iron released off Haida Gwaii in 2012 ocean experiment

In July 2012 about 100 tonnes of iron-bearing material was released into the sea off Canada's Haida Gwaii islands, paid for with 2.5 million dollars from a village fund. Canada's environment ministry searched in 2013 and no charges were recorded, and the London Protocol amendment on ocean engineering has not entered into force.

Mining · Venezuela · 2011–2026

Orinoco Mining Arc: decree, state gold business and measured harm

A February 2016 presidential decree opened a 111,843.70 km² zone south of the Orinoco to state-led mining of gold, diamonds, coltan, iron and bauxite. UN bodies reported an expansion of mining outside authorisation, mercury exposure among downstream Indigenous communities and no published environmental budget.

111,843.70 km²
Area opened to state-led mining by Decree 2.248 (February 2016)
Key earnings undisclosedCase pending / contested
Natural-capital land · United States · 2011–2025

Beach nourishment and armoring on Florida's loggerhead nesting beaches

A 2015 US Fish and Wildlife Service opinion on Army Corps of Engineers sand placement in Florida found no jeopardy for the Northwest Atlantic loggerhead population and stated that nesting success is about 10–34% lower on nourished beaches in the first year. A 2011 study found fewer nesting attempts on armored beaches.

About 10–34% lower
Nesting success on nourished beaches in the first year, relative to other beaches
Law, regulation and treaties · Russia · 2010–2024

Lumber Liquidators Lacey Act guilty plea over Russian Far East oak flooring

In October 2015 Lumber Liquidators pleaded guilty in a US federal court to a felony and four misdemeanor Lacey Act counts over hardwood flooring made in China from timber harvested in the Russian Far East. The plea agreement totalled US$13.15 million, including US$1,230,825 in payments to conservation funds.

US$13.15 million
Total under the plea agreement (DOJ)
Court ruling exists
Agriculture, livestock and food · Mongolia · 2010–2024

Mongolia's dzud winters and degraded pasture: emergency funding for herders

Severe winters (dzud) killed millions of livestock in Mongolia in 2009–2010 and 2023–2024, in rangelands where most monitored sites are altered from reference condition. UN, Red Cross and state funds paid for cash transfers and carcass removal.

more than 7.19 million
Livestock deaths, winter 2023–2024 (UN)
No court case
Finance, funds and markets · Germany · 2009–2014

AdBlue cartel (Daimler, BMW, VW)

Daimler, BMW and Volkswagen coordinated the dosing of AdBlue, the fluid used to clean diesel exhaust. The European Commission fined VW and BMW 875 million euros in total; Daimler reported the cartel and was not fined.

€875 million
Fines on VW and BMW for the AdBlue cartel
No independent ecological evaluation
Finance, funds and markets · South Korea · 2009–2023

South Korea audit reverses river restoration decision

A South Korean state audit board reversed a river restoration decision in 2023. Figures for the earlier Four Rivers works (2009–19), reported without a linked source, put the taxpayer cost at 22.2 trillion won.

Oil, gas and coal operations · Mongolia · 2008–2024

Ulaanbaatar winter air pollution: stove programmes, the 2019 raw-coal ban and subsidised briquettes

Donor and state programmes in Ulaanbaatar's ger districts since 2008 paid for stove subsidies, loans and, from May 2019, a household raw-coal ban with subsidised briquettes made by a state-owned producer. The Auditor General sent findings on the producer's financing to prosecutors in April 2024.

51%
Fall in average winter PM2.5, 2019–2020 vs 2016–2017
No court case
Fishing ban · Mauritania · 2008–2026

Mauritania fishmeal industry, sardinella stocks and foreign fishing agreements

Mauritania's fishmeal plants grew from fewer than three in 2008 to 44 authorised plants in 2021, while a 2024 FAO/CECAF assessment placed round and flat sardinella in a critical, heavily overexploited state. The country received EUR 60.8 million a year from the EU under its 2021–2026 fisheries protocol and signed a 25-year fishing agreement with a Chinese company.

5 of 9
Small pelagic stocks assessed as overexploited (FAO/CECAF, 2024)
No court caseKey earnings undisclosed
Mining · Venezuela · 2008–2026

Las Cristinas gold project: 2008 permit denial in the Imataca reserve, Crystallex ICSID award and court-ordered sale of CITGO's parent

Venezuela denied an environmental permit for the Las Cristinas gold mine in 2008, citing damage to the Imataca forest and global warming. An investment tribunal found the denial arbitrary and awarded Crystallex US$1,202 million plus interest, and a US court later approved a US$5.892 billion sale of CITGO's parent company to pay judgments.

US$1,202 million + interest
Award to Crystallex over the 2008 permit denial
Court ruling existsCase pending / contested
Mining · Venezuela · 2008–2026

Rusoro Mining award for the El Callao gold mines: Venezuela's unquantified natural-resource counterclaim and Rusoro's role in the CITGO sale

An ICSID tribunal awarded Rusoro Mining US$966.5 million for Venezuela's 2011 nationalisation of its gold mines and declared that it lacked jurisdiction over Venezuela's counterclaim for damage to natural resources, which Venezuela had not quantified. Rusoro's judgment of about US$1.569 billion is discharged inside the court-approved CITGO sale.

US$966,500,000 + interest
ICSID award to Rusoro Mining for the 2011 nationalisation
Court ruling existsNo independent ecological evaluation
Carbon credits · Ukraine · 2008–2021

Ukraine's Joint Implementation credits and Kyoto unit sales to Japan and Spain, 2008–2021

Ukraine hosted the largest number of Kyoto Joint Implementation projects, with 503.3 million emission reduction units issued, and sold surplus Kyoto allowances to Japan and Spain for money earmarked for emission-cutting and environmental projects. Criminal cases over the use of that money were brought; no verdict is on record.

503.3 million
Emission reduction units issued for Ukrainian Joint Implementation projects
Case pending / contestedNo independent ecological evaluation
Finance, funds and markets · Morocco · 2008

Morocco subsidised drip irrigation as aquifers fell, and desalination followed

Morocco subsidised drip irrigation and built a 4.41 billion dirham desalination plant at Chtouka, while aquifers in Berrechid and Chtouka show annual deficits; at stake is groundwater. A desalination tender won by a consortium linked to a family-owned group drew a political complaint, and the cited sources record no penalty.

Finance, funds and markets · Australia · 2008–2018

Murray-Darling irrigation efficiency subsidies, Australia, 2008 to 2018

Irrigation efficiency subsidies in the Murray-Darling basin ran from 2008 to 2018, with return flows to the river recorded as falling. At stake for nature is river flow; the cited sources list AUD 3.5 to 4 billion of spending, borne by the river and taxpayers.

Finance, funds and markets · Brazil · 2008–2020

TIAA and Harvard farmland buys in Brazil breached foreign-purchase limits, Incra said

US pension fund TIAA and Harvard University bought about 750,000 hectares of Brazilian farmland from 2008, through Brazilian companies and offshore structures. Brazil's land agency Incra said TIAA's post-2010 purchases of over 150,000 hectares broke the foreign-purchase law.

Protected area / relocation · Russia · 2007–2025

Khimki forest and the M11 Moscow–St Petersburg toll motorway (km 15–58)

A 43 km toll-motorway section built under a state concession with Vinci crossed the Khimki forest park near Moscow after the Supreme Court upheld the transfer of about 150 hectares of forest land in 2010. Compensation planting was promised in several amounts; the journalist Mikhail Beketov was attacked in 2008 and no suspects have been identified.

144.8821 ha
Forest-fund land transferred to transport use for the M11 section
Court ruling existsNo independent ecological evaluation
Tree planting · Sahel (11 countries) · 2007–2026

Great Green Wall: USD 19bn tracked, USD 2.5bn disbursed by March 2023, and a restored area reported at between 1.66 and almost 18 million hectares

The African Union's Great Green Wall initiative has 2030 targets of 100 million hectares restored, 250 MtC sequestered and 10 million green jobs. The UNCCD's Independent Review reported USD 19bn pledged and USD 2.5bn disbursed in March 2023; its 2026 review reported 1.66 million hectares under restoration at 31 December 2025.

USD 2.5bn of USD 19bn
Disbursed against pledged, March 2023
No court caseKey earnings undisclosed
Mining · Venezuela · 2007–2026

Brisas gold-copper project: 2008 revocation of the environmental permit in Imataca and Gold Reserve's ICSID award

Venezuela revoked the environmental construction permit for the Brisas project on 14 April 2008 for reasons of public order, citing protection of the environment and local populations in Imataca. An ICSID tribunal awarded Gold Reserve US$713,032,000 plus interest for breach of fair and equitable treatment in 2014.

US$713,032,000 + interest
ICSID award to Gold Reserve over the Brisas permit revocation
Court ruling existsCase pending / contested
Finance, funds and markets · Mozambique · 2007–2012

Dutch royal couple bought holiday land in Mozambique and Argentina

Crown Prince Willem-Alexander and Máxima invested in a Machangulo peninsula holiday-village development in Mozambique from 2007, and bought lakeside land in Argentina in 2009. The cited sources report missing water and toilets at five local schools and a local police chief's arrest over the death of a protester.

Finance, funds and markets · Netherlands · 2007–2021

Dutch pension fund ABP added forest land in 2007 and held Brazilian meat shares

ABP, the Dutch public-sector pension fund, decided in 2007 to add forest land to its portfolio, and took 60 percent of a Mozambican forest fund whose plantation was found to occupy 32,000 hectares without land-use rights. By 2021 it held about 219 million dollars of shares in Brazilian meat companies, mostly JBS.

Finance, funds and markets · Multiple countries · 2007–2022

Glencore settles bribery and market manipulation charges in US, UK, Brazil

Glencore pleaded guilty to bribery and market manipulation charges in the US in May 2022 and resolved related bribery cases in the UK and Brazil, with penalties of up to 1.1 billion dollars; its UK unit was ordered to pay £280 million. Six former employees, who have pleaded not guilty, face a UK trial set for October 2027.

Finance, funds and markets · Brazil · 2006

Eliasch Amazon land purchase

In 2006 Johan Eliasch said he had bought about 160,000 hectares in the Brazilian Amazon. An executive of the seller said the legal entitlement was 45,511 hectares.

about 160,000 ha vs 45,511 ha
Area claimed vs legal title
Oil, gas and coal operations · Russia · 2005–2009

Sakhalin-2: 2006 approval revocation, Gazprom stake purchase, 2009 damage-claim settlement and lender exits

In September 2006 Russian authorities moved to cancel the environmental approval of the Sakhalin-2 oil and gas project; on 21 December 2006 Gazprom, Shell, Mitsui and Mitsubishi signed a protocol for Gazprom to take 50% plus one share for USD 7.45 billion. A claim of RUB 390 million was settled in July 2009 by counting RUB 647 million of company environmental spending.

RUB 390 million
Damage claim filed by the regulator, settled in 2009
Court ruling existsKey earnings undisclosed
Protected area / relocation · Iran · 2005–2026

Zagros oak forests: the UNDP/GEF Central Zagros project, its evaluation and the fires of 2024–2026

A UNDP/GEF biodiversity project in Iran's Central Zagros ran from 2005 to 2016 with US$3.69 million of GEF funds; its terminal evaluation found that the goal and objective were not achieved. Fires in the Zagros oak forests continued, with Iran International reporting a fall in the forest organisation's dollar budget between 2021 and 2026.

US$3,687,803
GEF funds allocated to the Central Zagros project, 2006–2016
No court caseDeaths reported
Oil, gas and coal operations · Russia · 2004–2022

Western gray whales off Sakhalin and the company-funded IUCN advisory panel

An advisory panel convened by IUCN and paid for by Sakhalin Energy as a lender condition advised on western gray whales near the Sakhalin oil and gas fields from 2006 until it ended in March 2022. In 2015 the panel and the company disagreed over the timing of seismic surveys, and the final meeting report was not released.

about USD 1.4 million
Annual budget of the whale advisory panel at its peak (2010)
No court caseKey earnings undisclosed
Mining · Mongolia · 2004–2025

Oyu Tolgoi copper-gold mine: Gobi water, Undai River diversion, herder complaints and project finance

Oyu Tolgoi, a copper-gold mine in Mongolia's South Gobi, draws groundwater from the Gunii Hooloi aquifer and rerouted the ephemeral Undai River around its open pit. Herders complained to the IFC/MIGA accountability office and to the EBRD, and a US$4.4 billion project finance package was signed on 15 December 2015.

US$4.4 billion
Initial senior loans signed for Oyu Tolgoi, 15 December 2015
Displacement reportedKey earnings undisclosed
Finance, funds and markets · United States · 2003–2015

Scientist Willie Soon received over USD 1 million from fossil fuel interests

InsideClimate News reported that Willie Soon received more than USD 1 million from fossil fuel interests from 2003 to 2015, including USD 409,754 from Southern Company. The cited sources do not describe the effect of this funding on climate research or nature.

Finance, funds and markets · United States · 2003–2010

Foundations gave 558 million dollars to climate-opposition groups, 2003-2010

A 2013 study found that 140 foundations gave 558 million dollars in 5,299 grants to 91 climate-opposition groups between 2003 and 2010. Donors Trust, which hides its donors, became about a quarter of traceable foundation funding, so much of the origin of the money is unknown.

Finance, funds and markets · European Union · 2002–2017

End-of-life vehicle recycling cartel (EU carmakers, ACEA)

The European Commission fined 15 car manufacturers and their trade association ACEA a total of 458 million euros for agreeing, over 2002–2017, not to advertise recycled content in vehicles and not to pay dismantlers.

€458 million
Fine on 15 manufacturers and ACEA for the end-of-life vehicle cartel
No independent ecological evaluationKey earnings undisclosed
Protected area / relocation · Mauritania · 2002–2025

Banc d'Arguin National Park, the BACoMaB trust fund and fishing pressure

The BACoMaB conservation trust fund, capitalised by KfW, AFD/FFEM, MAVA and the EU through fisheries-agreement sectoral support, finances part of the running costs of Banc d'Arguin National Park in Mauritania. The park's 2024 dashboard records rising landings of threatened sharks and rays by its resident fishers, and a 2023 study found bony fish stocks inside the park overfished.

≈ EUR 2.3m
BACoMaB payouts to the park's and Diawling park's running costs, 2014–2020
No court caseKey earnings undisclosed
Finance, funds and markets · European Union · 2002–2029

EU LIFE funding for loggerhead conservation, 2002-2029

Four EU LIFE projects between 2002 and 2029 funded loggerhead conservation in Greece, the eastern and northern Mediterranean and the western Mediterranean. The results listed are the projects' own reports; no independent evaluation was found.

EUR 3,793,167
EU contribution to LIFE EUROTURTLES (2016-2021)
No independent ecological evaluation
Finance, funds and markets · Venezuela · 2001–2024

Venezuela tree cover loss, 2001–2024, and international forest finance

Global Forest Watch recorded annual tree cover loss in Venezuela of between 61,436 and 207,336 hectares in 2001–2020, with a peak in 2016. Over the same period the Global Environment Facility approved grants for national parks and forest projects, and the Green Climate Fund approved USD 3.6 million of readiness support.

207,336 ha
Tree cover loss in 2016, the peak year of the 2001–2020 Global Forest Watch workbook (30% canopy)
No independent ecological evaluation
Finance, funds and markets · Turkey · 2001–2003

World Bank US$600m farm loan coincided with a 90% fall in farm support

The World Bank approved a US$600m loan in June 2001 to move growers away from hazelnut, tobacco and sugar beet. OECD (2011) reports that the crop-switch targets were only partly met.

Finance, funds and markets · Netherlands · 2000–2021

Corio, ABP and forest land investments (Netherlands)

Corio N.V. was a Dutch shopping-centre investor, and the cited sources record no rainforest purchase by it. Its reported main shareholder, the pension fund ABP, separately held a majority of a forestry fund in Mozambique whose subsidiary a 2010 government review found occupying 32,000 hectares without land-use rights.

32,000 ha
Land found occupied without a land-use right by a forestry fund subsidiary in Niassa, Mozambique (September 2010 review)
No court case
Protected area / relocation · Iran · 2000–2026

Asiatic cheetah conservation project in Iran: 25 years of funding and a count of 26 animals

The Global Environment Facility, UNDP and Iran's Department of Environment funded the Conservation of the Asiatic Cheetah Project from 2001, and the Department took it over alone in December 2017. In August 2025 and August 2026 the Department counted 26 Asiatic cheetahs, 20 in the wild and 6 in captivity.

26
Asiatic cheetahs counted by the Department of Environment, August 2025
No court caseKey earnings undisclosed
Pipeline · Chad · 1999–2026

Chad–Cameroon pipeline and Doba oil fields: World Bank conditions, revenue law, Inspection Panel and 2023 nationalisation

The World Bank Group helped finance the Doba oil fields and the Chad–Cameroon export pipeline on conditions covering environmental safeguards and the use of oil revenue. Chad repaid its World Bank balances early in 2008, and in 2023 nationalised the assets ExxonMobil had agreed to sell to Savannah Energy for US$407 million.

almost US$4.4 billion
Government oil revenue in 2003–08 (World Bank IEG)
Case pending / contestedKey earnings undisclosed
Fishing ban · Caspian Sea (Kazakhstan, Russia, Turkmenistan, Azerbaijan, Iran) · 1998–2026

Caspian sturgeon and caviar: trade suspensions, fishing bans and the move to farmed caviar

Legal Caspian sturgeon catch fell from about 22,000 tonnes in the late 1970s to about 1,100 tonnes in the late 1990s, according to TRAFFIC. CITES published wild-caviar export quotas for the last time for 2010–11, the five Caspian states have renewed a commercial fishing ban each year since 2017 (covering 2026), and farms now supply the legal caviar.

≈ 22,000 t → ≈ 1,100 t
Legal Caspian sturgeon catch, late 1970s vs late 1990s
Key earnings undisclosed
War and military activity · Kazakhstan · 1996–2012

Degelen Mountain plutonium security operation (United States–Kazakhstan–Russia)

A US-managed, three-country operation secured plutonium left in test tunnels and boreholes at the Degelen massif of the former Semipalatinsk Test Site. The White House put the estimated cost at $150 million over eight years; a Belfer Center report describes a 17-year, $150 million operation.

$150 M
Estimated total cost of the trilateral operation (White House, 2012)
No court case
Water use · Iran · 1995–2026

Lake Urmia decline and the Urmia Lake Restoration Program

Lake Urmia in north-west Iran lost about 90% of its area in the two decades after 1995, according to NASA. A state restoration programme set up in 2013 is reported with differing spending totals, and a Majlis investigation report on it was sent to the judiciary in May 2024.

≈ 90%
Area lost after 1995 (NASA Earth Observatory)
No court case
Natural-capital land · Cyprus · 1995–2025

Limni Bay / Polis-Gialia golf and villa resort, Cyprus: infringement procedure closed (2019), land sold (2025)

A golf, hotel and beachfront-property resort was planned at Limni Bay on the Akamas peninsula, in the Natura 2000 site Polis-Gialia, which has loggerhead nesting beaches. The European Commission closed its infringement procedure on 24 January 2019; the project was cancelled in 2021 and the land was split and sold in February 2025.

EUR 1.5 billion
Planned investment in the resort (Cyprus Mail, 2015)
No court caseKey earnings undisclosed
Oil spill · Russia · 1994–2004

Usinsk pipeline spill (Komi, 1994) and the World Bank and EBRD emergency loans

Repeated failures of the Kharyaga–Usinsk oil pipeline in the Komi Republic in 1994 released oil into bogs, creeks and the Kolva River. The World Bank lent US$99 million and the EBRD US$25 million to the Russian Federation, on-lent to the pipeline operator Komineft; published estimates of the volume spilled differ widely.

US$99m + US$25m
Emergency loans to the Russian Federation, on-lent to Komineft
Space debris and re-entry · Kazakhstan · 1994–2026

Baikonur lease, rocket-stage drop zones and fuel monitoring; Proton phase-out and Baiterek

Russia leases Baikonur for $115 million a year, extended to 2050 at the same rent, and its launches drop spent stages on Kazakh land. Kazakhstan’s 2018–2019 national report recorded petroleum by-products in drop-zone soils and stated that a lack of funding in 2019 prevented an environmental impact study of areas affected by fallen stages and debris.

$115M a year
Annual Baikonur lease payment
No independent ecological evaluationKey earnings undisclosed
Finance, funds and markets · Africa (regional) · 1991–1993

1991 World Bank memo signed by Lawrence Summers on pollution in Africa

A December 1991 World Bank memo signed by chief economist Lawrence Summers said less-populated African countries were under-polluted. The memo's author later called the text satirical, and Summers said he had signed it without adequate review.

War and military activity · Iran · 1990–2013

UN Compensation Commission "F4" environmental claims by Iran for the 1990–91 Gulf War

Iran filed environmental claims with the UN Compensation Commission for smoke, oil and refugee-related damage it said reached its south and south-west from the 1990–91 Gulf War. The F4 Panel recommended awards in four instalments; most of the long-term remediation claims received no award.

USD 27,780,752 vs USD 11,090,762,249
Fifth instalment (2005): amount recommended against amount claimed
Under standard-setter review
Protected area / relocation · Türkiye · 1987

Dalyan / Iztuzu Beach, Türkiye: Kaunos Beach Hotel project stopped (1987)

Construction of an 1,800-bed hotel complex, the Kaunos Beach Hotel, began at Dalyan in April 1987 and drew protests from IUCN, Greenpeace, WWF and others. The project stopped in September 1987.

1,800 beds
Hotel capacity of the stopped project
No court case
Finance, funds and markets · Brazil · 1982–2021

Petrobras sponsorship of Projeto TAMAR, Brazil, 1982–2021

Petrobras sponsored the Fundação Pró-Tamar, which runs Brazil's sea turtle conservation project, from 1982 and announced the end of the partnership on 6 September 2021. Petrobras and the foundation give different accounts of who chose not to continue.

1982–2021
Years of Petrobras sponsorship of the Fundação Pró-Tamar
Key earnings undisclosed
War and military activity · Iran · 1980–1991

Iran–Iraq war (1980–88): environmental damage recorded by the UN expert team in 1991 and Iran's damage estimate

A UN expert team sent under Security Council resolution 598 recorded Iran's account of war damage in 1991, including tar on more than 250 km of beaches and an Iranian government assessment of USD 97,248 million in non-military damage. No compensation mechanism for the war is on record; Iranian lawmakers later raised reparations demands.

USD 97,248 million
Iran's government assessment of non-military war damage, at 1988 replacement costs
No court caseNo independent ecological evaluation
Water use · Iran · 1973–2025

Hamoun wetlands, Helmand water and the EU/UNDP restoration project

The Hamoun lakes on the Iran–Afghanistan border, fed by the Helmand river, were nearly gone by 2001, according to NASA. A 1973 treaty sets Iran's share of Helmand water, and sources give different volumes for it; an EU-funded, UNDP-implemented project of €10 million has run from 2020.

2,000–4,000 km²
Wetland area at spring flood before the drought (NASA, citing UNEP)
No court caseNo independent ecological evaluation
Finance, funds and markets · United States · 1970–1990

Earth Day 1970 seed money came from a senator, two unions and a foundation

Companies sponsored city events for the 1990 Earth Day anniversary, and the national board rejected a donation of more than USD 4 million. The case concerns who paid for the early Earth Day movement and when corporate sponsors appeared.

Water use · Chad · 1960–2021

Lake Chad: the 90% shrinkage figure, the Transaqua water-transfer plan and a proposed USD 50bn Lake Chad Fund

The FAO reported in 2009 that Lake Chad had shrunk by about 90% since 1963; a 2020 satellite study found its extent stable over the previous two decades, with the large loss falling between the 1960s and the 1980s. A transfer of water from the Congo/Ubangi basin and a Lake Chad Fund of about USD 50bn were proposed in the lake's name.

About 25,000 km2 (1960s) to under 2,000 km2 (1980s)
Lake Chad open-water area
No court case
Finance, funds and markets · Marshall Islands · 1946–2026

Marshall Islands nuclear tribunal awards over USD 2bn; payments are a small fraction

A Marshall Islands tribunal awarded more than USD 2 billion for nuclear-testing damage, but the fund financed with USD 150 million from the United States was depleted in 2009. A Bikini resettlement trust fund has also shrunk sharply, and a lawsuit alleges excess payouts to its manager.

Finance, funds and markets · Brazil · 2024

Brazil's army-led Verde Brasil spent USD 90.3m; deforestation rose above average

Brazil's Operation Verde Brasil, run by the armed forces, spent USD 90.3 million in two years, while deforestation rose to 62% above the 2009 to 2018 average and violation notices fell 65%. In Colombia's Artemisa operation, villagers were arrested while financiers were not.

Finance, funds and markets · Indonesia · date not stated

Reportedly $600 million of Indonesia's $5.8 billion reforestation fund left forestry

An Inquirer opinion piece cited in the sources reports that $600 million of the $5.8 billion collected for Indonesia's reforestation fund went outside forestry. The figures are not checked against an official source, so the scale is unconfirmed.

Finance, funds and markets · United States · 2025

Mylo mycelium leather halted in July 2023 for lack of financing

Mylo mycelium leather, used by Stella McCartney and Lululemon, stopped production in July 2023 after no financing was found. MycoWorks, another mycelium leather maker, went bankrupt in October 2025.

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