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World leaders promise an end to the "chainsaw massacres" causing deforestation at COP26 - Vimarsana News

World leaders promise an end to the "chainsaw massacres" causing deforestation at COP26

As long as agribusinesses and global financial institutions continued to fuel and make money from global deforestation these carbon sinks will continue to be razed

Source: mg.co.za
NGOs Release First Gas and Oil Exit List During COP26 - Friends of the Earth - Vimarsana News

NGOs Release First Gas and Oil Exit List During COP26 - Friends of the Earth

At COP26 NGOs released a new database of the companies responsible for the dirtiest and most controversial forms of oil and gas production.

Source: foe.org
New EU banking rules ignore 'stranded assets', critics warn - Vimarsana News

New EU banking rules ignore 'stranded assets', critics warn

The Basel III rules were initiated after the financial market crisis of 2008 in order to reduce the risk of another financial meltdown, but critics worry about risk posed by stranded fossil-fuel assets.

Axis Capital Becomes 1st North American Insurer To Commit To Coal Phase-Out - Vimarsana News

Axis Capital Becomes 1st North American Insurer To Commit To Coal Phase-Out

October 19, 2021 – Today, insurer AXIS Capital announced new policy measures restricting insurance and investments in coal, tar sands...

Big bank funding of energy projects impacts Great Lakes region - Vimarsana News

Big bank funding of energy projects impacts Great Lakes region

The fossil fuel industry has long been blamed for environmental degradation. But what about the financial institutions accused of making environmentally destructive projects possible?