These global banks made emission pledges. They still invest billions in Gulf Coast LNG exports.
The bulk of the projects they back are along the Gulf Coast, including Louisiana sites
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The bulk of the projects they back are along the Gulf Coast, including Louisiana sites
Financial institutions have increased renewables financing to help meet global commitments on net zero too slowly, said Sierra Club.
New study led by financial and environmental campaign groups suggest global banks are struggling to deliver on the goals of the Glasgow Financial Alliance for Net Zero
Just seven per cent of financing for energy companies from major global banks went to fund renewable projects between 2016 and 2022, a study has found.
A cabal of climate change groups complained that U.S. financial institutions continue to fund the fossil fuel industry.