BP and Shell's climate pledge hypocrisy, big banks inadequate climate plans, and more
Daily news headlines about the stimulus and recovery from September 30, 2020.
7 articles found for "rainforest action network"
Daily news headlines about the stimulus and recovery from September 30, 2020.
Four big U.S. banks - JPMorgan Chase, Wells Fargo, Citi and Bank of America - account for nearly a third of fossil fuel financing from global banks since the Paris Agreement was adopted four years ago.
In the five years since adoption of the Paris Agreement, 60 big banks have financed fossil fuels to the tune of $3.8 trillion.
Wells Fargo and JPMorgan Chase have consistently been the biggest bankers of U.S. fracking, together providing almost 40% of financing since the Paris Agreement was adopted.
The Fed’s bond-buying could include 90 fossil fuel issuers and many more utilities, based on an analysis of credit ratings and eligibility requirements.
Lenders facing historic challenges say oil and gas investments are among their biggest problems.
A groundbreaking report finds that U.S. investors account for 58% of institutional investments in the global coal industry.