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…
Global Pressure Mounts on Trans Mountain Insurers in Advance of Renewal Deadline
As August 31 deadline nears, hundreds of thousands demand that Liberty Mutual rule out insuring tar sands expansion August 24, 2022 (Boston, MA, USA) – As Trans Mountain seeks to…
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…
Close to $60bn invested in fossil fuels by North American insurers
(Note: This article first appeared in Reinsurance News) Author: Kassandra Jimenez-Sanchez Top North American insurers invested $59.7bn in fossil fuels, with $30.8bn in oil and gas holdings as of 2019, according…
Citigroup Surpasses Peers With Absolute Emissions Reduction Target for Energy Finance, Still Fails to Rule Out Support for Fossil Fuel Expansion
Citigroup announced 2030 targets to reach its commitment to net-zero financed emissions by 2050. The plan includes commitments to reduce absolute financed emissions from the energy and power sectors by specific percentages.
COP26 Glasgow: What’s Needed Now to Avert Climate Chaos
Rainforest Action Network September 2021 The most important climate talks since the Paris Agreement are scheduled to begin in Glasgow, Scotland, on November 1st, 2021. Yet the ability to attend…
World’s 50 Largest Banks and Investors Driving Deforestation Through Weak Policies and Major Investments, New Study Finds
Top investors BlackRock, Vanguard, State Street, PNB, EPF, GPIF, and KWAP all amongst lowest-scoring The world’s 50 largest banks and investors are driving deforestation through weak policies and major investments…
JPMorgan Chase 2030 Climate Targets a “Fig Leaf for Fossil Fuel Expansion,” says Rainforest Action Network
Today, JPMorgan Chase has released its 2030 climate targets, following on the bank’s October 2020 pledge to “align with the Paris Agreement.” JPMorgan Chase is the world’s largest banker of…