Rainforest Action Network

Just 5 countries have contributed more than THREE QUARTERS of total credit since 2018 to the agribusiness sectors driving forest destruction and human rights abuses, according to the latest “Banking on Biodiversity Collapse” report. These countries are: Brazil ???? Indonesia ???? China ???? the United States ???? and Japan ???? https://lnkd.in/egWefuk5

?? Join us in Cali for #COP16 as we raise the importance of regulating financial flows to protect #biodiversity and human rights. Register here: https://lnkd.in/dmiQEguS

Banks are pouring $77 BILLION into the companies wiping out rainforests. They claim ‘sustainability,’ but the Amazon is burning while they cash in. It’s time to end this hypocrisy and hold them accountable. #ClimateChange #KeepForestsStanding https://yhoo.it/3YtD00X

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SHOCK STORY: A billionaire family touts its sustainability efforts while destroying rainforests behind the scenes. The Tanoto family controls a shadowy network of Indonesian companies that help make household goods from Head & Shoulders to Fudgsicles. https://bloom.bg/4hmrdsP

Beef, #PalmOil, pulp & paper, rubber, soy, and timber — we know that Big Agribusiness is driving deforestation. But they’re not the only ones to blame. Our latest report with the Forests & Finance coalition, “Banking on Biodiversity Collapse,” exposes the financial flows going into 300 forest-risk commodity companies. By financing them, banks are complicit in the destruction of our most critical forests AND violations of human rights. Read the report: https://lnkd.in/dh-xumNN

BREAKING! The second “Banking on Biodiversity Collapse” report is here. Banks have pumped over USD $395 BILLION into agribusiness companies driving tropical #deforestation since 2016. By financing these companies, banks are complicit in the destruction of our most critical forests AND violations of human rights. As the #G20Summit approaches in Brazil this November, we’re calling on heads of state and finance ministers to take immediate action to regulate financial institutions and eliminate financial flows and investments that are driving the destruction. Learn more: https://lnkd.in/dh-xumNN

Citi’s financing for fossil fuel projects like LNG terminals is linked to severe health issues and environmental damage. Citi’s $1.6 billion in financing four LNG facilities in Texas and Louisiana is linked to projected premature deaths, asthma cases, and significant CO2 emissions. If these terminals operate for 35 years each, Citi could be responsible for as many as 80.5 premature deaths related to the air pollution from these projects. Join our call for Citi to end fossil fuel financing, and instead invest in climate-safe solutions in the Gulf South and beyond! bit.ly/citi-enviro-racism #FossilFreeCiti

A new report from @empowerllc clearly lays out the way #carboncapture tax credits rig the system in favor of the #BigOil and gas industry to the tune of billions of our taxpayer dollars and, if left unchecked, will make Texas communities dependent on the #fossilfuel industry for decades to come. Here’s what you need to know: #CCS projects depend on tax credits and subsidies. Otherwise, the private sector deems most of them unprofitable or unfeasible. Through land leases and other public instruments, Texas schools and governments are being financed by CCS tax credits. This may create financial dependence on the fossil fuel industry. Texas CCS projects could receive a minimum of $3.2 billion in annual tax credits, and up to a max of $33 billion per year. CCS companies can withhold most critical information, limiting the amount of information available to the public. Companies using CCS create layers of subsidiaries to isolate CCS-related risk. As a result, the government and taxpayers bear the financial burden. It comes down to this: CCS is a waste of taxpayer money that puts our environment, our health and safety, and our schools at risk. Read more about the report’s troubling findings here: https://lnkd.in/gn8wBCpc

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