Why are banks and investors still funding Indofood?
This month, 10 banks committed another $2.1 billion in loans to Indonesian noodle giant, Indofood CBP Sukses Makmur – whose instant noodles rely on Conflict Palm Oil produced by its…
Fire Season: An Annual Emergency
Fire season grows longer and deadlier every year, and it’s proving to be an annual emergency. The climate crisis is here. So why are corporations intentionally burning tropical rainforests? We’re calling out the banks, brands and businesses driving this destruction.
The Money Behind the Big Business of Burning
Tropical forests do not burn by themselves — Big Agribusiness is setting the fires intentionally, as it’s the cheapest way to clear new land for palm oil, pulp and paper, soy, and beef. But they need the cash from the world’s mega banks and investors like fire needs oxygen — to defend our forests we need to defund the fires.
Activists Organize to End Big Business of Burning as Arson in Brazil and Indonesia Destroy Rainforests
Environmental NGOs and climate activists host Fires Week of Action targeting major brands and financiers as the world’s most vital rainforests are intentionally burned for profit What: Week of direct…
Banks Funnelled Over USD 150 Billion Into Companies Driving Deforestation Since Paris Agreement, New Data Analyses Shows
First-ever database reveals true scope of financing of forest-risk commodity companies, amidst global rainforest fires Explore the full Briefer here. San Francisco — Amid a tropical forest fire season that is…
Who’s Funding Forest Destruction?
Half the people in the world have bank accounts — but what are the banks doing with all that cash? Banks have been financing fossil fuels for decades, but most people don’t realize that they’re also bankrolling forest destruction. Their dollars are literally fueling the clear cutting of the world’s rainforests for palm oil, pulp and paper, soy and beef. That’s why we must stop the funding of forest destruction.
RAN Responds to Morgan Stanley joining Partnership for Carbon Accounting Financials
In response to news that Morgan Stanley is joining the Partnership for Carbon Accounting Financials, Jason Opeña Disterhoft, Rainforest Action Network Climate and Energy Senior Campaigner, said: “Today’s move is…
Citigroup Announces New Coal Policy; Climate Advocates Respond
Rainforest Action Network, Indigenous Environmental Network and Amazon Watch issue statements San Francisco– Ahead of its 2020 Annual General Meeting, taking place tomorrow, Citigroup has published an updated version of…
SMBC Misses Critical Opportunity to be a Climate Leader
SMBC’s New Climate Policy Falls Well Short of Mizuho’s All Eyes Now on Largest Bank MUFG Tokyo – Today, Japan’s third-largest bank – Sumitomo Mitsui Financial Group (SMBC Group, TYO:…
New Report Profiles Major Brands and Banks Driving Deforestation and Human Rights Abuses; Failing to Meet 2020 Commitments
Marks the launch of a new campaign by Rainforest Action Network ***Rainforest Action Network wants to acknowledge the extraordinary circumstances of this moment, given the terrible impacts of COVID-19 on…