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Browsing the "Rainforest Action Network" Tag

U.S. Banks Continue To Fund Dirty Energy

March 20th, 2020 | by The Years Project

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

Chubb Becomes First US Insurer To Reduce Exposure To Coal

July 2nd, 2019 | by Joshua S Hill

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

Big Banks Provided $630 Billion In Financing To Coal In 3 Years

December 14th, 2017 | by Joshua S Hill

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. 

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