“Recognizing that problem, organizers have sought to outflank the companies by targeting their bankers. As the protests and blockades make new fossil-fuel projects controversial, even notorious, there’s an increased reputational risk to lenders, who will begin to think twice about taking such projects on. That, at least, is the theory; in practice, the results have been mixed.
“The reality is that, on the finances side, it was always going to be a long row to hoe,” says Lindsey Allen, the executive director of Rainforest Action Network. “Where we have seen the most progress is when we can get in front of a project before it is so far down the road.”” (Read More)