Posts Tagged with "BankTrack"

Extreme Coal – No Longer Business as Usual

Thursday, April 17, 2014

0 Comments

Extreme Coal – No Longer Business as Usual

For the first time since we began publishing coal finance report cards five years ago, we have an encouraging trend to report: Major banks have begun making noise about the growing financial risk associated with climate change—and specifically associated with coal, the top global contributor to carbon pollution. On top of that, major banks have [...]

Continue reading...

Banking on Coal: New BankTrack Report Highlights Bank Complicity in Global Coal Mining Boom

Thursday, December 12, 2013

0 Comments

Banking on Coal: New BankTrack Report Highlights Bank Complicity in Global Coal Mining Boom

“Most innovative investment bank for climate change.” – Citigroup “Mak(ing) your life greener and help(ing) tackle climate change.” – Morgan Stanley “Financing a low carbon economy.” – Bank of America When banks tout slogans such as these, you might expect them to mean that they plan to phase out financing for coal, the single largest [...]

Continue reading...

Seven of Bloomberg’s Top Ten “Greenest Banks” Are Climate Killers

Wednesday, April 10, 2013

0 Comments

Seven of Bloomberg’s Top Ten “Greenest Banks” Are Climate Killers

A Guest blog-post by Yann Louvel, BankTrack‘s Climate and Energy Campaign Coordinator This week, Bloomberg published the results of its third annual ranking of the “world’s greenest banks”: Citi was ranked first, followed by Santander and JPMorgan. The study assesses banks based on their lending to clean-energy projects and reduction in their own power consumption [...]

Continue reading...

Do We Need Natural Capital or Nature Without Capital?

Tuesday, June 19, 2012

0 Comments

Do We Need Natural Capital or Nature Without Capital?

As the Rio+20 ‘Earth’ summit gets underway, we’re hearing a slew of ‘sustainability’ pronouncements and declarations from the business sector, to illustrate their planet-saving intentions. One of these is the ‘Natural Capital Declaration‘ (NCD), launched on Saturday by more than 35 financial institutions. They claim that this marks the first time the world of finance [...]

Continue reading...

Goldman Sachs Sets the Wrong Target

Monday, June 4, 2012

0 Comments

Goldman Sachs Sets the Wrong Target

Last week I received an announcement from Goldman Sachs proudly promoting their latest Corporate Social Responsibility (CSR) report, highlighting efforts to address environmental, social and governance issues in 2011 and an ongoing commitment to clean energy financing. At first glance, this perhaps sounds good — the optimistic side of me wants to feel some sign [...]

Continue reading...

WestLB Takes A Brave Step In The Right Direction

Thursday, May 24, 2012

0 Comments

WestLB Takes A Brave Step In The Right Direction

This post is by Yann Louvel, BankTrack Climate and Energy Campaign Coordinator. Last month we got some promising news from WestLB, the German bank. They produced a new policy on Arctic drilling (which our friends at Platform have written about here) and they published an update of their coal policy. While the first edition of [...]

Continue reading...

The Top 20 Climate Killer Banks

Wednesday, November 30, 2011

2 Comments

The Top 20 Climate Killer Banks

A new report titled “Bankrolling Climate Change” calls out the top 20 banks that are financing the dirty coal industry. The top three “climate killers” will not come as much of a surprise: JP Morgan Chase, Citi, and none other than Bank of America top the list with $22 billion, $18.27 billion, an $16.79 billion [...]

Continue reading...

Keeping an Eye on Big Banks

Monday, May 31, 2010

0 Comments

RAN has a strong history of pressuring the financial sector to take responsibility for where it invests money – and we are not alone. Here’s a peep at some websites from organizations around the world who are shining a spotlight on the banking sector… Banktrack BankTrack is a global network of civil society organizations and [...]

Continue reading...

Banks Ranked and Spanked on Tar Sands

Sunday, January 31, 2010

4 Comments

As an ode to the  “rank ‘em and spank ‘em” strategy coined by our outgoing Executive Director Mike Brune, we proudly present the following roster of international banks backing expansion in the tar sands. The table below is based on credit extended underwritten by each bank to companies operating in the tar sands since 2007 [...]

Continue reading...