Case Study: Mozambique LNG Projects
This blog was originally published as a case study in “Banking on Climate Chaos: Fossil Fuel Finance Report 2021” — a report by Rainforest Action Network, BankTrack, Indigenous Environmental Network,…
No New Fossil Fuel Projects: Halt Pipelines and Terminals
Indigenous and frontline activists are leading the fight against fossil fuel infrastructure threatening their communities, habitat and the climate. We could be on the road to a new energy future if we simply redirect the money slated for fossil fuels into sustainable alternatives. Big banks need to stop investing in dirty fossil fuels, violating Indigenous rights, polluting sacred waterways, and destroying the global climate, and start funding the future.
Challenging Banks,
the Fossil Fuel Funders
For years, RAN has been pushing big banks to cut financing to new and existing fossil fuel projects — especially the particularly destructive ones like tar sands, Arctic, offshore oil & gas, fracking, coal mining, coal power, and liquefied natural gas (LNG). If we are to have any chance of stopping the devastating impacts of climate change, banks must completely phase out their support for fossil fuels, starting with these devastating projects.
People are Stopping Toxic Pipelines and Terminals
To ensure our future, and a liveable climate, we must stop expanding the very industries that are causing climate destruction. Banks and insurance companies have the power to change the world by withholding financing and insurance from any new fossil fuel projects. Frontline Indigenous communities and local and national environmental and climate justice organizations have joined forces, putting the pressure on dirty energy companies and their financial backers to be on the right side of history, and we are winning.
Coal, Tar Sands and Fracked Gas: Fueling Climate Change
Climate change has played a heavy hand in making weather events more serious, and sometimes more often. And where there isn’t more rain, there are longer, and more frequent droughts that lead to longer, more dire fire seasons. Extracting fossil fuels like coal, tar sands, and fracked gas are contributing to climate chaos at an alarming rate, and so are the institutions that finance this dirty energy.
New Report: Banks and Investors Should Avoid Supporting Rio Grande Valley LNG Projects
Three proposed fracked gas export terminals would pose reputational risks for financial institutions Brownsville, TX — A new report released today highlights the reputational damage that would plague any…
Who’s banking the Coastal GasLink pipeline?
TransCanada is trespassing on Wet’suwet’en land to start construction of Coastal Gas Link pipeline. What banks are financing this pipeline –– and the clear abuse of Indigenousrights? Check out our rundown of who’s banking on the Coastal Gas Link pipeline.
Jordan Cove: Bad Idea, Bad Investment – A Banking on Climate Change Case Study
This case study was written by Lesley Adams of Waterkeeper Alliance for our latest bank report card, Banking on Climate Change: Fossil Fuel Finance Report Card 2018. 2017 Rally at…
Indigenous-led movement #DivestTheGlobe holds banks accountable for funding climate chaos
On October 23rd, ninety-two of the world’s largest banks met in São Paolo, Brazil to discuss policies on the climate and Indigenous People’s rights to Free, Prior, and Informed Consent…