Remove environment fossil-fuel-divestment
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European banks urged to stop funding oil trade in Amazon

TheGuardian

Related: Record 212 land and environment activists killed last year Related: UK's biggest pension fund begins fossil fuels divestment Continue reading. The area, covering about 30m hectares (74m acres), hosts a diverse rainforest ecosystem, but it is threatened by the expansion of oil drilling.

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UK students launch Barclays ‘career boycott’ over bank’s climate policies

TheGuardian

Campaign at leading universities such as Oxbridge and UCL warns lender it will miss out on top talent if it finances fossil fuels Hundreds of students from leading UK universities have launched a “career boycott” of Barclays over its climate policies, warning that the bank will miss out on top talent unless it stops financing fossil fuel companies.

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Greta Thunberg joins second climate protest in London this week

TheGuardian

Undeterred after being charged over separate demonstration, Thunberg joined fossil fuel activists outside JP Morgan in Canary Wharf UK politics live – latest updates Business live – latest updates Greta Thunberg has taken part in climate protests in London for the second time this week, protesting outside the JP Morgan headquarters in Canary Wharf.

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France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows

TheGuardian

French banks have financed $154bn to firms running biggest fossil fuel projects since 2015 climate pact France is Europe’s biggest supporter of “carbon bomb” extraction projects that hold enough fossil fuels to pump out more than a gigaton of CO 2 each, the Guardian can reveal.

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NatWest to end new business loans for oil and gas extraction

TheGuardian

Bank also plans to phase out similar lending for existing customers under its first climate transition plan NatWest has announced it will stop offering loans to new customers hoping to fund oil and gas exploration, extraction or production projects, as part of a wider climate transition plan due to be unveiled next week.

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Bank group accused of exploiting loopholes and ‘greenwashing’ in climate pledge

TheGuardian

‘Net zero’ global alliance of financial institutions, begun at Cop26, can still invest in coal and other fossil fuels Banks that have signed up to a global climate pledge, led by Mark Carney , a former governor of the Bank of England, can still invest unlimited amounts in coal mining and coal power, despite promises to tighten the rules on their lending. (..)

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US banks are sacrificing poor communities to the climate crisis | Ben Jealous and Bill McKibben

TheGuardian

It took decades to force banks to abandon racist redlining. We don’t have decades to avert catastrophic climate crisis The collapse of Silicon Valley Bank will bring many forms of fallout. One of the most obvious consequences is that the biggest banks – Chase, Citi, Wells Fargo, Bank of America – will probably get even bigger.