Full Title: Banking on Climate Change 2020: Fossil Fuel Finance Report Card
Author(s): Oil Change International, Rainforest Action Network, BankTrack, Indigenous Environmental Network, Reclaim Finance, & Sierra Club
Publisher(s): Oil Change International, Rainforest Action Network, BankTrack, Indigenous Environmental Network, Reclaim Finance, & Sierra Club
Publication Date: March 18, 2020
Full Text: Download Resource
Description (excerpt):
Financial companies are increasingly being recognized – by their clients, shareholders, regulators, and the general public – as climate actors, with a responsibility to mitigate their climate impact. For the banks highlighted in this report, the last year has brought a groundswell of activism demanding banks cut their fossil fuel financing, at the same time that increasingly extreme weather events have further underscored the urgency of the climate crisis. Nevertheless, the report reveals that the business practices of the world’s major private-sector banks continue to drive us toward climate disaster.