Fracking Insanity Fueled By Greedy Wall Street Banks. Wells Fargo Tops The List.
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.
Rainforest Action Network
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…
25 Climate Activists Occupy Chase Bank & Launch A Major New Campaign Targeting The Financial…
The “Stop the Money Pipeline” Mobilization aims to end the financing of fossil fuels and deforestation.
Chubb Becomes First US Insurer To Reduce Exposure To Coal
The New Jersey-headquartered insurer Chubb announced this week that it will no longer underwrite the construction and operation of new coal-fired power plants or new risks for companies that generate more than 30% of their revenue from coal, making the insurer the next in a long line of financial and insurance institutions waving goodbye to coal.
Banks Funneled $1.9 Trillion Into Fossil Fuels Since Paris Agreement
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.
Protestors Call Out Hypocrisy At Equator Principles Meeting
Major financial institutions continue to support fossil fuel extractions while signing onto environmental protections.
World’s Banks Increased Fossil Fuel Financing To $115 Billion In 2017
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.
Big Banks Provided $630 Billion In Financing To Coal In 3 Years
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.
World Organisations React To Paris COP21 Climate Accord
Saturday saw the long-awaited COP21 UN climate summit succeed in adopting a new climate change agreement, causing a frenzy of responses from officials, businesses, and climate organisations around the world. Below are several notable responses. — “In my first inaugural address, I committed this country to the tireless task of … [continued]
Rainforest Action Network Urges Morgan Stanley To Drop Coal Financing
The Rainforest Action Network has urged financial services giant Morgan Stanley to stop financing coal mining and coal-fired power. The Rainforest Action Network (RAN) has “been holding the US banking sector accountable for its environmental and human rights impacts” for fifteen years. Most recently RAN succeeded in seeing the Bank of … [continued]
