Money, Money, Money: Climate Risks Aren’t Enough For Most Banks
Big finance has a huge role in the climate crisis and can guide business leaders toward appropriate action to address the scale of the problem.
banks
5/3 Bank Achieves Carbon Neutrality
CleanTechnica switched to Fifth Third Bank (5/3 Bank) in 2019. Two big factors for us were 1) it had the most ambitious clean energy achievements and plans of any bank, and 2) it won’t …
Trump Admin Trying To Force Banks To Finance Fossil Fuel Projects — Wall Street’s Pissed
Wall Street banks slammed a proposed rule that would force lenders to finance fossil fuel projects, Bloomberg reports, questioning both its legal underpinnings and fast-tracked process.
Banks Love Renewable Energy, But Their Boardrooms Are Still Linked With Fossil Fuels Corporations
Big banks are talking the talk about clean, renewable energy and sustainability, but many of them still have members who have major ties to some of the world’s largest fossil fuel corporations.
U.S. Banks Continue To Fund Dirty Energy
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…
100% Solar Powered 5/3 Bank Announces $6.2 Million in 2019 Grants
The Foundation Office at Fifth Third Bank, a bank that is 100% powered by renewable solar energy and generating more clean power than the bank uses in a year (which is why we started using it in 2019), recently made an announcement of almost $6.2 million in grants from 2019. These grants come through 8 major foundations that the banks serve as a trustee or agent.
Top Banker For Fossil Fuel Companies Has Low Price Target On Tesla [TSLA]
According to a report in The Guardian, the top banker for fossil fuel companies is JPMorgan Chase. In fact, in the past few years it has provided $22.8 billion more in financing than #2 Citi for oil, gas, and coal companies — $75.6 billion versus $53.8 billion. As one Tesla fan noted, JP Morgan’s Tesla analyst, Ryan Brinkman, has a very low price target in place for Tesla [TSLA] and an “underweight” rating.
CleanTechnica’s New Green Bank
Okay, it’s not super new — we got the account last year. Nonetheless, we never announced it, and one of the good things about green consumerism is you can push others to follow suit, so I’m doing so now. Though, I’m also doing so because of a funny little surprise.
The Pope Visits New York & The United Nations
A FOUR-PART SERIES ON THE POPE’S VISIT TO THE UNITED STATES The Catholic leader moved to a wider venue than Washington for his address to the United Nations General Assembly in New York City on Friday morning— wider because this time he spoke to the people of the entire world … [continued]
Banks Losing Millions On Bad Energy Industry Loans
Originally published on Oil Price. By Nick Cunningham Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt that is … [continued]
