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...

Palm Oil Pariah Sinar Mas Commits to Forest Protection. What About Cargill?

Sinar Mas Group, the notorious international palm oil pariah, recently made a remarkable announcement: The company’s subsidiary, Golden Agri Resouces (GAR), intends to implement a forest conservation policy. Among other things, GAR’s Forest Conservation Policy commits it to a goal of “no new development” on peat lands, High Conservation Value Forest areas or High Carbon [...]

Continue reading...

HSBC Takes a Step Away from Tar Sands

This week, HSBC became the second international bank in as many months to take a step away from financing in the Tar Sands. The bank hinted in press reports last year that it was reviewing its tar sands business. Now the London-based bank has come through. In a post to its website, the bank quietly [...]

Continue reading...

Banks Ranked and Spanked on Tar Sands

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...

A stimulating stimulus?

The new administration is up to its eyeballs trying to pull off an economic stimulus package that will genuinely stimulate the economy while also (to their credit) meeting another critical need – to jumpstart the transition to a green energy system. I don’t envy them that job, not for one second – particularly because at [...]

Continue reading...

HSBC Ad: Police Attacking Forest Activists

I have almost nothing to say. this is mostly just bizarre. And disgusting. The giant bank HSBC has a new ad depicting a violent police disruption of a forest protest. Just strange. Oh, and I like Joanna Newsom, WTF?

Continue reading...