Banks increased fossil fuel financing by $162.5 billion from 2023 to 2024.
Viewing entries tagged
Rainforest Action Network
Released today, the 15th annual Banking on Climate Chaos (BOCC) report employs a new, expanded data set that credits each bank making financial contributions to a deal instead of only crediting banks in leading roles. It cuts through greenwash, covering the world’s top 60 banks’ lending and underwriting to over 4,200 fossil fuel companies and the financing of companies causing the degradation of the Amazon and Arctic.
Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
The existing Trans Mountain pipeline is a major environmental and public health hazard with a long history of disastrous spills. Earlier this month, 50,000 gallons of crude oil spilled from a pump station located above an aquifer that supplies the Sumas First Nation with drinking water.