The financing of fossil fuel companies continues at the highest levels despite promises made by the world's largest banks to limit lending.
The financing of fossil fuel companies continues at the highest levels despite promises made by the world’s largest banks to limit lending.There’s no way to sugarcoat this. The world’s largest banks are providing the money fossil fuel companies need so they can continue degrading the environment to the point where the humans may no longer be able to survive on our little blue planet at the far edge of a minor galaxy. Banks loan money. That’s what they do.
claims the world’s banking industry has loaned $4.6 trillion to the fossil fuel industry in the 6 years since the Paris Climate Accords were agreed to in Paris in 2015.In 2021, the UK hosted the annual COP meeting, where former Bank of England governor Mark Carney introduced the Glasgow Financial Alliance for Net Zero initiative.
. “Non-state actors cannot claim to be net zero while continuingvto build or invest in new fossil fuel supply,” says Catherine McKenna, chair of the UN’s Expert Group on Net Zero., “GFANZ members are acting as climate arsonists. They’ve pledged to achieve net zero but are continuing to pour hundreds of billions of dollars into fossil fuel developers.
Lucie Pinson, executive director and founder of Reclaim Finance, accused the alliance of greenwashing. “It is business as usual for most banks and investors [involved in GFANZ], who continue to support fossil fuel developers without any restrictions, despite their high-profile commitments to carbon neutrality,” she said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
U.S. home-loan banks lent billions of dollars to crypto banks: ReportAccording to The Wall Street Journal, the United States Federal Home Loan Banks System is financing billions of dollars to two of the biggest cryptocurrency banks in an effort to lessen the impact of an increase in withdrawals.
Baca lebih lajut »
Confidential settlement agreement reached in case over Ernie Banks’ estateThe announcement was made Friday, a few days before Ernie Banks’ eighth death anniversary on Jan. 23. Banks, known worldwide as “Mr. Cub,” passed away in 2015 at the age of 83.
Baca lebih lajut »
Nearly 6-pound 'Toadzilla' found in Australia breaks the record for largest toadRangers found a toad in Australia that weighs a record-breaking 5.95 pounds. “I reached down and grabbed the cane toad and couldn’t believe how big and heavy it was,” says the park ranger who spotted “Toadzilla.”
Baca lebih lajut »
Authorities Euthanize World’s Largest ToadA cane toad dubbed 'Toadzilla' has been crowned as the world's largest known toad. But sadly, our hefty heroine's story has already come to an untimely end.
Baca lebih lajut »
Genesis Demise Marks End of Era for Crypto’s Pseudo-BanksMany of the biggest names in crypto lending have failed in the past half-year, highlighting the shaky foundations, risky practices and lack of regulation in the sector
Baca lebih lajut »
Arizona's largest solar plant expected to offset 1B pounds of CO2 yearlyThe Salt River Project has partnered with Clēnera, a private renewable energy company, to bring Arizona its largest solar plant by 2024.
Baca lebih lajut »