Banking on Climate Chaos: Fossil Fuel Finance Report 2023
The world’s 60 biggest banks poured over $5,500,000,000,000 over 7 years into the fossil fuel industry, driving climate chaos & causing deadly local community impacts.
CLIMATE GROUPS SLAM CITI’S ‘GREENWASHED & PIECEMEAL’ EMISSIONS ANNOUNCEMENT
Citi’s announcement today on sectoral emissions targets is “greenwashed and piecemeal” and does not go far enough in meeting climate community expectations or what scientists warn is desperately needed to…
JUST 7% OF GLOBAL BANKS’ ENERGY FINANCING GOES TO RENEWABLES, NEW DATA SHOWS
Major global banks are standing in the way of climate targets with new data showing just 7% of their financing for energy companies went to renewables between 2016 and 2022….
RAN Response to JPMorgan Chase 2022 Climate Report
On December 22, 2022, JPMorgan Chase released its climate report in an effort to provide details on how the bank is responding to climate risks. Rainforest Action Network’s response to…
Pressure on US Banks as HSBC Announces End to New Oil and Gas Funding
Groups representing a broad section of the US climate movement are demanding that US banks halt funding for new oil and gas projects, following a dramatic change to HSBC’s energy…
Over a Trillion Financed in Fossil Fuel Expansion; Billions by US Banks Since the Paris Agreement
“Wall Street’s Dirtiest Secret” Exposes How Much Banks Finance Fossil Fuel Expansion and Exploitation OAKLAND — As part of finance day of COP27 the Rainforest Action Network exposed startling facts…
Report: Global Bank Policies ‘Dangerously Inadequate’ to Prevent Financing of Deforestation, Climate Chaos and Human Rights Abuses
As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased over 60% between 2020 and 2021 **Report available in English, Portuguese and Indonesian languages *** Press release…
Indigenous Australians to Investors: Dump Adani Group
55 banks dropped direct financing of the Carmichael Adani Coal Mine – yet indirect investment keeps it afloat (Queensland) The Wangan and Jagalingou Cultural Custodians of Queensland, Australia, are calling…
Ukrainians Call For Fossil Fuel Transition, Not Expansion
This op-ed first appeared in the International Business Times By Svitlana Romanko AND Pallavi Phartiyal Ukraine is on the frontlines of a devastating war exacerbated by fossil fuels. A number of Ukrainians are…