Green groups have warned that banks linked to Saudi Aramco’s $2tn (£1.6tn) market float are undermining global efforts to tackle the climate crisis by supporting the listing of the world’s…
The Washington Post: The Energy 202: Wall Street shouldn’t help huge Saudi oil company go public, green groups say
Bank of America, Citigroup, Goldman Sachs and other big banks are getting an earful from environmental groups over what’s set to be the biggest initial public offering in history. (Read…
Markets Insider: Investment banks have plowed more than $700 billion into fossil fuels since the Paris climate agreement
The world’s largest investment banks are funding hundreds of billions of dollars into fossil fuels. (Read More)
The Guardian: Top investment banks provide billions to expand fossil fuel industry
The world’s largest investment banks have provided more than $700bn of financing for the fossil fuel companies most aggressively expanding in new coal, oil and gas projects since the Paris…
Newsweek: MAJORITY OF WORLD’S LARGEST PRIVATE BANKS DON’T HAVE SUSTAINABLE FINANCE COMMITMENT
A majority of the world’s largest private-sector banks have not made sustainable investment commitments to finance a low-carbon future. (Read More)
MSN: Why Big Banks Are Accused Of Funding The Climate Crisis
Rachel Heaton understands better than most the power banks have to shape our world. Heaton, a member of the Muckleshoot tribe, started to make the connection between money and climate…
Reuters: Asian palm oil giants take action over green group’s rainforest probe
Two Asian palm oil traders that supply to a list of major consumer brands are investigating two mills accused this week of buying from an illegal plantation in Indonesian rainforest that is home to endangered orangutans.
Gizmodo: Your Favorite Snacks May Be Driving Deforestation in Ancient Indonesian Peatlands
“The fact that it takes an NGO-conducted investigation to expose that these major global brands are still actively sourcing Conflict Palm Oil from illegal sources, years after each of them has issued public policies explicitly committing them to stop sourcing from suppliers destroying rainforests and carbon-rich peatlands, signals a major failure of the implementation efforts conducted to date by these companies. Consumer trust is understandably undermined when…”
Reuters: Palm oil from ‘orangutan capital of world’ sold to major brands, says forest group
Palm oil from an illegal plantation inside an Indonesian rainforest home to endangered orangutans has found its way into the supply chains of major consumer brands including Unilever and Nestlé, according to a U.S.-based environmental group.
South China Morning Post: Can big banks and bosses look Greta Thunberg in the eye as they talk the talk on climate change?
Last week was surely the week Sweden’s diminutive teenager Greta Thunberg stormed the world from her pulpit at the UN Climate Change Summit: “People are suffering. People are dying. Entire…