In a New York Times opinion piece, Bill McKibben urges readers to stop doing business with banks that fund climate destruction like JP Morgan Chase, Citibank, Wells Fargo, and Bank of America.
Banks have provided trillions of dollars in financing for fossil fuel projects in recent years. Those investments endanger us all.
The Bank of America announced last week that it was committing a further $300 billion in capital by 2030 to low-carbon & sustainable business activities as part of its Environmental Business Initiative, its third such commitment which brings the bank’s total investments up to $445 billion since 2007.
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.
You might think the new solar tariffs are about Suniva and SolarWorld Americas, but there’s a lot more going on in the background than meets the eye.
A new analysis of the Bank of America’s environmental financing has found that over a four-year period said financing supported an annual average of 40,000 jobs, realized a cumulative $30 billion in economic output, and contributed a cumulative $14.8 billion to GDP.
Court documents filed in the SunEdison bankruptcy case have shed light on a possible way out for the one-time darling of the clean energy world, with information suggesting Bank of America may step up to the plate to save the company. Earlier this week I reported on the current goings … [continued]
The Climate Group has announced a number of new companies to recently become members of its flagship corporate renewable energy campaigns — RE100 and EP100. Over the past week, as part of Climate Week NYC, a number of companies have committed to 100% renewable energy programs, subsequently joining either RE100 … [continued]
SolarCity, the leading residential solar provider in the US, has announced two separate rounds of financing which together total $338 million. With a third of all US residential rooftop installations throughout 2015, SolarCity is repeatedly in the news for a new round of financing. Already this year the company has … [continued]
Originally published on Solar Love. SunEdison has announced that they will form a new $1 billion warehouse investment vehicle that will fund construction costs and acquire operating assets. The decision comes on the heels of an odd market response to SunEdison’s record second quarter growth. SunEdison, the world’s largest clean … [continued]
