[Sept 2020 Update] Who’s banking the Coastal GasLink pipeline?
The short version At the end of May 2020, at least 26 banks from around the world took part in a US$4.7 billion project finance loan to fund the construction…
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…
Wall Street’s Biggest Banks Back New Climate Initiative; Climate Advocates Raise Questions
San Francisco – Four of America’s largest banks, JPMorgan Chase, Wells Fargo, Bank of America and Goldman Sachs, have announced as Founding Partners of the Center for Climate Aligned Finance,…
Morgan Stanley 5th Major U.S. Bank to End Arctic Oil Financing; Bank of America Now Stands Alone
Morgan Stanley 5th Major U.S. Bank to End Arctic Oil Financing; Bank of America Now Stands Alone. The next steps are ending funding for expansion of fossil fuels and committing to phasing out all fossil finance.
Reckless Keystone XL Decision by TC Energy Endorsed by JPMorgan Chase, Citi and Canadian Peers
Reckless KXL Decision Backed by Chase and Big Banks
New Report Reveals Global Banks Funneled $2.7 Trillion into Fossil Fuels Since Paris Climate Agreement, with Financing on the Rise Each Year
*** The organizations authoring the latest edition of this annual report want to acknowledge the extraordinary circumstances of this moment, given the terrible impacts of COVID-19 on lives, health, and…
The Bank You’ve Never Heard of That’s Bankrolling Deforestation AND the Climate Crisis
Around the world, our greatest protection against the climate crisis is going up in flames. Forests are our greatest line of defense against worsening climate chaos, but they’re being destroyed…
