These are the world s largest banks that are increasing and decreasing their fossil fuel financing msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
These are the world s largest banks that are increasing and decreasing their fossil fuel financing msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Dive Brief:
Facebook said Thursday it had procured enough new renewable projects to meet 100% of energy needs for its global operations through clean resources, as of last year.
The company has contracts in place for more than 6.1 GW of wind and solar across 18 states and five countries, within the same electric grids that power its data centers and operations. Of the energy contracted, Facebook said it currently has 2 GW of solar and 1.3 GW of wind online, along with 720 MW of energy storage.
The company set a goal in 2018 to support its global operations through 100% clean energy by 2020. In 2018, Facebook was 75% of the way toward that goal, and it had 86% renewable capacity by the end of 2019, according to a sustainability overview from the company.
Shareholders Pressure JPMorgan Chase to Expand Its Policies Addressing Deforestation
ByLiz Kimbrough
Financial giant JPMorgan Chase has agreed to expand its policies addressing deforestation after pressure from shareholders, led by the investment group Green Century Capital Management.
Green Century strategically invests in companies to push for change from within. Per SEC rules, investors who have held more than $2,000 of a company for at least one year can submit a short proposal requesting that the company take a specific action. If the recommendations are deemed reasonable according to SEC regulations, the company must add the proposal to the agenda for voting at their annual shareholders’ meeting.