Browsing tag

fossil fuel investment

New Data Shows Rampant Greenwashing In Sustainable Finance, With ESG Funds ‘Stuffed’ Full OF Fossil Fuel Stocks

3 Mins Read As sustainable investing gains momentum, more funds touting themselves as “green” are misleading investors. According to a report published by the Economist, some of the world’s biggest ESG funds are “stuffed full of polluters and sin stocks”, suggesting widespread greenwashing practices in the realm of sustainable finance.  Sustainable investing has been steadily gaining momentum globally, […]

South Korea Backs Indonesia Coal Venture Against Own Green New Deal Pledges

3 Mins Read Apparently in South Korea, environmental concerns are limited to domestic policy. Contradicting its recent Green New Deal pledges to tackle the climate crisis, South Korea will be backing a new coal project in Indonesia. The move by the government-owned utility Korea Electric Power Corporation (Kepco) to invest in the coal venture is clearly at odds […]