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Europe’s biggest lender to fossil fuel projects has just pledged to restrict financing for oil and gas, including direct funding for new projects, in a move welcomed by environmental groups
Federal law contains a “general presumption” that DOE will approve liquefied natural gas exports, 23 states told the Biden administration.
Banks, including some of the world’s largest, are increasingly being held accountable for their financing flows to clients involved with fossil fuels and industrial agriculture, deemed the top aggravators of climate change. Recent reports have spelled out the extent of individual banks’ financial support, causing some to change course.
For the second year in a row, global banks made more money underwriting bonds and providing loans for green projects than they earned from financing oil, g...
For the second year in a row, global banks made more money underwriting bonds and providing loans for green projects than they earned from financing oil, gas, and coal activities.