"Between January 2015 and September 2019, banks provided loans and underwriting of more than USD 1.7 trillion to key actors in the global plastics supply chain," notes Portfolio Earth in its recent Bankrolling Plastics report. "Banks must no longer...
The pressure on the financial sector—banks, pension funds, insurance companies—to join the global movement to tackle the climate crisis is mounting. And the number of campaigns, both large and small, to force the financial world to do its share...
(This post was first published October 11, 2019. It is now updated and republished September 9, 2020.) After decades of ongoing climate talks, in December of 2015, some 195 countries approved the Paris Agreement, the first ever global climate accord...
Have you ever stopped to think how your bank uses your money — your savings, investment certificates, retirement funds? Is your bank stepping up to the plate  to tackle the climate crisis (happening in deep time) and the corona...
A few days ahead of the 5th anniversary of the Paris Agreement, 18 NGOs released Five Years Lost - How Finance is Blowing the Carbon Budget. The report highlights 12 of the most devastating fossil fuel projects that are...
A new campaign has been launched to "stop the money pipeline". The campaign targets Wall Street which it claims is financing climate destruction and killing people. It focuses on the big banks, insurance companies and asset managers which are...
Did you know that the money you've set aside for tomorrow and for the future of your children and grandchildren is being used to finance the climate crisis that is already destroying their very future? Did you know that one...
"To prevent extinction, banks have to stop funding it." — Portfolio Earth That's according to Bankrolling Extinction, a new report published Wednesday by Portfolio Earth, an initiative seeking to challenge the financial industry's role in ecological devastation. The report shows Big Banks lent...
Since the Paris Agreement, Canada’s Big Five banks—RBC, TD, BMO, CIBC, Scotia—have financed fossil fuels over half a trillion dollars (C$641 billion) globally and in Canada they provide the lion share (70%) of the money for Tar Sands expansion...
Thousands of Canadians witnessed the first #FossilBanksNoThanks national action day (this past Friday) exposing the ugly truth that Canada's Big Five banks—RBC, TD, BMO, CIBC, Scotia—are financing the climate crisis. For many, it was a wake-up call. Finding out—for...