SAN FRANCISCO-Today a court in Lago Agrio, Ecuador has ruled in favor of the residents of Ecuador's Amazon region who have spent the last 18 years seeking damages for crude oil pollution. Chevron inherited the suit when it bought Texaco in 2001, and has denied the allegations of environmental damage.
San Francisco—Today Rainforest Action Network (RAN) released The Principle Matter: Banks, Climate & The Carbon Principles, a new report assessing the impact of the much-lauded 2008 Carbon Principles signed by six of the country’s leading banks. In reviewing bank investment from January 2008 to June of 2010, the report found that there is no evidence that the Carbon Principles stopped or slowed financing to carbon-intensive projects. In addition, the report found that there is no evidence that the Carbon Principles spurred investment in clean energy in greater levels.
SAN FRANCISCO—The Royal Bank of Canada (RBC) today made public its new environmental and social standards, which will govern financing of clients in high-impact sectors including Canada’s tar sands. The announcement marks a significant about face on tar sands by one of the sectors biggest financiers. The policy is the first by a major international bank to document whether bank clients have received consent from Indigenous communities.
San Francisco – Eleven of the nation’s largest children’s book publishers are receiving grades on their roles in rainforest protection today. In a new report and consumer guide released by the Rainforest Action Network (RAN), “Rainforest-Safe Kids' Books: How Do Publishers Stack Up?” leading book publishers are being ranked based on their paper policies and purchasing practices.
San Francisco – In time for Black Friday, the biggest shopping day of the year, Rainforest Action Network (RAN) wants to help consumers make better choices about the books they buy this holiday season. A report and consumer guide released by the group called, “Rainforest-Safe Kids' Books: How Do Publishers Stack Up?” finds that publishers of popular kids’ books including Where the Wild Things Are and Baby Einstein are using paper linked to Indonesian rainforest destruction and global warming.
One ad features a smiling elderly indigenous man wearing a bandana, with the words "OIL COMPANIES SHOULD CLEAN UP THEIR MESSES," along with a red stamp the reads "We Agree"--followed by the signatures of Chevron higher-ups. The ad is an apparent reference to a years-long lawsuit in Ecuador, where Chevron is accused of being responsible for $27 billion of oil pollution clean-up costs.
As Big Oil struggles to repair its image in the wake of the disastrous Gulf of Mexico oil spill, Chevron Corp. is responding head-on to industry critics.
The company's new ads, designed to evoke anti-industry posters, feature slogans such as "Oil companies should put their profits to good use" and "It's time oil companies get behind renewable energy." Stamped in red are the words, "We agree."
SAN FRANCISCO – One of the nation’s most innovative environmental change makers turns 25 this year, at a party held at City View above the Metreon. The all-green event will include a performance by Bay Area rockers, The Mother Hips.