JUST 7% OF GLOBAL BANKS’ ENERGY FINANCING GOES TO RENEWABLES, NEW DATA SHOWS
Major global banks are standing in the way of climate targets with new data showing just 7% of their financing for energy companies went to renewables between 2016 and 2022….
RAN Responds to Oil Executive Appointed as President of UN Climate Conference
The following statement is In response to Sultan Al Jaber, chief of the Abu Dhabi National Oil Company (ADNOC), being named as President-Designate of the 2023 UN climate summit, COP28,…
Challenging Banks,
the Fossil Fuel Funders
For years, RAN has been pushing big banks to cut financing to new and existing fossil fuel projects — especially the particularly destructive ones like tar sands, Arctic, offshore oil & gas, fracking, coal mining, coal power, and liquefied natural gas (LNG). If we are to have any chance of stopping the devastating impacts of climate change, banks must completely phase out their support for fossil fuels, starting with these devastating projects.
MUFG Falls Behind Peers in New ESG Finance Policy Announcement
MUFG’s policy revisions “disappointing,” says Rainforest Action Network Japan’s largest bank, Mitsubishi UFJ Financial Group (MUFG), released a revised Environmental, Social and Governance (ESG) financing policy today, but fell short…