Women's Earth and Climate Action Network (WECAN) International的动态

"6 years to save the climate and Bank of America does WHAT?" "Bank of America is one of the world’s worst fossil fuel bankers, driving climate catastrophes that are destroying entire communities, violating Indigenous Rights, and causing deadly health impacts around the world." "Bank of America has started rolling back their own climate commitments and policies, and are now?the ONLY major Wall Street bank without any meaningful policies to restrict financing for new Arctic drilling, thermal coal mining, and coal-fired power plants. Meanwhile, they continue to spend thousands on marketing and hide behind greenwashing and corporate lies that they’re taking responsible steps for our future or supporting people in meaningful ways. Take this graphic we updated as an example: (below)" "That means they’re literally?giving these companies the fuel to continue to expand or break ground on NEW fossil fuel activities that will be detrimental to us all." "--they’re letting their fossil fuel clients set their money and our entire world on fire. " #sharedclimateatstake We need YOU, to help us take on this corporate giant. These banks are using OUR money to fund our demise, all for short-term profits. Envision a just future and livable climate for us all. Are you in? The Climate and Energy Team Rainforest Action Network RAN" https://lnkd.in/eQtYU_Sa #banksinvestinlargestculprit #CanadianBanks #fossilfuelsFuelClimate ! ASK YOUR BANK THE BIG QUESTIONS!

Financial institutions need to be regulated and required to align their activities with climate safety. Voluntary commitments are not enough. Two years ago, Bank of America won kudos from climate activists for saying it would no longer finance new coal mines, coal-burning power plants or Arctic drilling projects because of the toll they take on the environment. The bank’s latest environment and social-risk policy reneged on those commitments. The policy, updated in December, says that such projects will instead be subject to “enhanced due diligence.” Banks’ backtracking has effects beyond the financing itself. It “sends a very bad signal,” said Lucie Pinson, director of Reclaim Finance, a non-profit that scrutinizes the climate strategies of fossil-fuel companies. “Bank of America is sending a message to its clients that it’s OK to take up new fossil-fuel assets. We should have stopped developing such assets years ago.” #uspolitics #cdnpoli #banks #sustainablefinance #climaterisk

The last day of the Climatebase program is today, and our guest speaker was the one and only Bill McKibben, who noted: “For 700,000 years we produced energy by setting things on fire, but we don’t have to do that anymore.” Here’s to an IMMEDIATE energy transition future without burning fossil fuels. We have 5 years, folks. Vague promises and carbon offsets aren’t enough. Be sure to check out your bank’s fossil fuel financing policies: remember, 90% of your deposits can be loaned out by your bank to finance whatever they think will yield the best returns. If you don’t know where your money is in the world, be sure to find out! Rainforest Action Network has an excellent annual report that lists out the worst offenders here. https://lnkd.in/gNZn5C_q Big thanks to the Climatebase team for an excellent Cohort 5. I think we all learned a lot. I certainly did!

#BankingOnClimateChange Canada's top bank CEOS were invited to answer questions related to the committee’s investigation into the environmental and climate impacts of the financial system, but they have declined the invitation and want to send a representative of their industry association instead. * All of Canada’s big banks ( RBC, TD, BMO) committed to be ‘net zero’ in 2021, yet are still amongst the largest funders of fossil fuels in the world and are under-investing in renewable energy. * Canada’s Competition Bureau is investigating RBC for greenwashing. Bank CEOs are amongst the highest paid people in the country and they should be prepared to be held accountable for their decisions. It is vital that CEOs appear and answer questions from Canada's elected representatives. https://lnkd.in/gcUAfNfF

Nuveen, a TIAA company outlines 10 key indicators insurers should watch as they prepare for the energy transition. Whether it's tracking policy changes or capital deployment, these insights may be crucial for building portfolios that are both resilient and climate-aware. As the transition evolves, staying ahead of the curve is more important than ever. Check out the full article for more details: https://hubs.la/Q02SHbv50 #InsuranceAUM #EnergyTransition #ClimateRisk #Investing

?? #Top #banks with strong #climate #rhetoric show #low #sustainability #performance, research finds ?? The world's largest financial firms provided $740 billion to the fossil fuel industry in 2020 and 2021. ?? Despite claims of sustainability and climate advocacy, many of the world's largest financial firms continue to provide significant funding to the fossil fuel industry. There is a discrepancy between their public statements and their actual environmental impact. ?? An increased focus on holding financial institutions accountable for their environmental impact is essential. There may be greater pressure on banks to align their portfolios with climate goals and to provide more transparency in their financing practices. #stricter #regulations and #standards #Mittal, #Sidhi. (2024, April 25). Top banks with strong climate rhetoric show low sustainability performance, research finds. Edie. https://lnkd.in/dByJd5Z8 https://lnkd.in/dByJd5Z8

The tools of capital accumulation are usually focused on supporting gain for social elites. But where others organise, these tools can be better aligned for more socially just social and environmentally positive gain. Two examples you can take learning from ?? 80 nuns in a monastery outside Kansas City are some of America's most persistent shareholder activists (1) Following other pressure CBA bank has committed to stop financing fossil fuel companies that don’t comply with climate goals set out by the Paris Agreement (2). 1) https://lnkd.in/eHPQ2Trx 2) https://lnkd.in/esiHTpQ9

We at TASC welcome the U.S. Department of the Treasury's intervention on integrity in voluntary carbon markets (VCM). We believe that integrity already exists in the VCM, but of course more can be done to establish the safeguards that ensure it. We very much support the 3 key integrity principles: supply integrity, demand integrity and market integrity. All too often the focus is purely on supply, but without demand and market integrity, none of this can work. As Janet Yellen rightly states; "if we do it well, we have the chance to enlist markets as a powerful ally in the fight against climate change" Let's do it ?? https://lnkd.in/gMCyAZqq

Banks have given almost $7tn to fossil fuel firms since Paris deal, report reveals Among world’s top 60 banks those in US are biggest fossil fuel financiers, while Barclays leads way in Europe Damien Gayle The world’s big banks have handed nearly $7tn (￡5.6tn) in funding to the fossil fuel industry since the Paris agreement to limit carbon emissions, according to research. In 2016, after talks in Paris, 196 countries signed an agreement to limit global heating as a result of carbon emissions to at most 2C above preindustrial levels, with an ideal limit of 1.5C to prevent the worst impacts of a drastically changed climate. Many countries have since promised to reduce carbon emissions, but the latest research shows private interests continued to funnel money to oil, gas and coal companies, which have used it to expand their operations. Read on at https://lnkd.in/eyBpG2Es

So no #EU #banks in this top 12 picture. I'm proud of that, European Banking Federation. I know there's EU banks only a bit further down this list, and there's still that expand their #fossil #finance, but it's not easy to try and move away from the competition. I hope banks like BNPParibas, Deutsche, Santander, SocGen and others will withstand the temptation of keeping up with the big ones in doing #harm. #Paris #climate #risk #transition