Hypocrisy In High Places As Developed Countries Continue To Fund Fossil Fuel Development Despite Pledge…
Fossil fuel funding from wealthy countries continues to exceed their pledges to shrink the amount they give to prop up the industry.
Fossil fuel funding from wealthy countries continues to exceed their pledges to shrink the amount they give to prop up the industry.
A new report slams Wells Fargo and JP Morgan Chase for being the largest funders of fracking companies in the years since the Paris Climate Accords were signed.
A new report from a collection of leading NGOs takes a deep dive into how banks around the world are fueling the climate crisis. The report, called Banking On Climate Change, finds that 35 banks have poured a staggering $2.7 trillion into dirty energy projects from 2016 to 2019…
The “Stop the Money Pipeline” Mobilization aims to end the financing of fossil fuels and deforestation.
A draft proposal circulating through the boardroom of the European Investment Bank recommends terminating all further investments in fossil fuels effective 1/1/2021. The bank currently provides about $3 billion a year in financing for the fossil fuel industry.
A new report published this week shows that 33 global banks provided $1.9 trillion to fossil fuel companies since the adoption of the Paris Climate Agreement at the end of 2015 and that the amount of fossil fuel financing has increased in each of the past two years.
Oil Change International is asking the G20 countries to reject plans to invest up to $1.6 trillion in new natural gas development, claiming that doing so will make it impossible to meet the goals agreed to in the Paris climate accords.
A new report released this week and endorsed by over 50 organizations around the world reveals that 36 of the world’s biggest banks funneled $115 billion into fossil fuels in 2017, an 11% increase over 2016 levels despite it being the costliest year on record for weather disasters.
While Norway has something of a reputation internationally as being “progressive” and “green,” the country’s well fed economy and society is largely the result of a highly productive fossil fuel extraction industry.
G20 countries continue to spend billions in public financing for fossil fuels, spending nearly four times as much than on clean energy, averaging more than $70 billion annually, totaling $215.3 billion in deals for oil, gas, and coal between 2013 and 2015.