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…
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.
Major financial institutions continue to support fossil fuel extractions while signing onto environmental protections.
A federal judge has dismissed a racketeering lawsuit against Dutch group BankTrack alleging it engaged in eco-terrorism by daring to urge banks to fund Energy Transfer Partners and the Dakota Access pipeline. A similar dismissal order could be next for Greenpeace.
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.
Between January 2014 and September 2017, big banks provided an astonishing $630 billion in financing to the 120 top coal planet developers, while major institutional investors are currently investing close to $140 billion in the same companies, according to new figures published this week.
A federal judge has ordered stepped-up monitoring of the Dakota Access pipeline following an oil spill from the Keystone XL pipeline last month
