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fossil fuel banks

Shell Funded Lobbying For Trump’s Pro-Fossil Fuel Financing Looking To Block Banks’ Climate Action

3 Mins Read Anglo-Dutch global oil and gas giant Shell funded an industry group lobbying to block efforts by U.S. banks to tackle climate change, an investigation has found. Even as the corporation made new sustainability pledges and made net-zero its goal publicly, documents reviewed by nonprofit journalism platform SourceMaterial and HuffPost showed that Shell backed the lobbyists […]

Leaked JP Morgan Report Warns Of “Catastrophic” Climate Crisis Threat

3 Mins Read In a leaked document sent to the Guardian and obtained by Extinction Rebellion spokesperson Rupert Read, JP Morgan’s economists warns clients that the climate crisis threatens the survival of humanity. The report contradicts the bank’s own investment strategy as the world’s largest financier of fossil fuels, and acknowledges that the business-as-usual is driving the planet […]

Goldman Sachs Stops Funding Arctic Oil Drilling Due To The Climate Crisis

3 Mins Read In a new environmental policy announcement, Goldman Sachs has ruled out any future financing for oil drilling or exploration activities in the Arctic, citing the scientific consensus on the climate crisis as their key reason. Currently, the banking industry at large continues to underwrite global warming. Environmentalists are hoping that the move will pressure other […]