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...
The 2021 Banking on Climate Chaos report is the most comprehensive analysis on fossil fuel banking produced to date. Since the Paris agreement in 2016 the Big 5 Canadian banks have funded over $700 billion in fossil fuel projects...
On the same day a new report showing that Canada's banks are among the 'Dirty Thirty' lenders to the global coal industry, RBC—Canada's largest bank—announced it's adding $500 billion to its sustainable financing funds while also committing to net-zero...
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...
"Polluting industries are overwhelmingly represented on the boards of the UK’s banks by directors with past and current connections to high-carbon and environmentally damaging companies," reports a new DeSmog analysis "prompting concerns that the boards’ personnel pose a systemic...
Despite a massive global drop in fossil fuel demand and production during the pandemic, banks’ 2020 fossil fuel financing numbers still remained above 2016 levels, and the overall trend of the last 5 years is still heading in the...
The just-released 2020 report on global fossil fuel financing by banks, Banking on Climate Change 2020, shows how the big banks are promoting the expansion of fossil fuels with more than US$2.7 trillion in direct investments since the 2015...
Fossil Banks No Thanks is the slogan—rallying cry—for a national action day targeting Canada's five Big Banks for their role in financing the climate crisis. The event, scheduled on Friday, January 29, will expose RBC as the worst Canadian...
Carole Holmes is Co-Chair of GASP, Grandmothers Act to Save the Planet. As a grandmother she has deep concerns for the environmental health of the planet her grandchildren will inherit. In this post she tells her story about how...
"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...