A new poll released Monday shows that large majorities of voters in the United States want the federal government to bolster its regulation of big banks, insurers, and other financial institutions to prevent climate-driven economic crises. By Kenny Stancil Common Dreams As Common Dreams has reported in the past month, recent studies have shown that Wall Street is a […]
Last week we observed a tweet from Konstantin Kisin getting shared around by a bunch of the usual suspects in denier Twitter. Kisin disapprovingly quote-tweeted a video of a climate protest showing seven women (in suffrage movement colors) protesting Barclay’s position as the biggest financier of fossil fuels in Europe, and seventh biggest in the world, early Wednesday […]
Authored by the Indigenous Environmental Network, Rainforest Action Network, BankTrack, Oil Change International, Reclaim Finance, and Sierra Club, this year’s report, titled Banking on Climate: Chaos 2021, expands its focus from 35 to 60 of the world’s largest banks. By Dan Bacher The report documents “an alarming disconnect” between the global scientific consensus on climate change and the continued business practices […]
A detailed new report released Wednesday morning by a coalition of environmental groups shows that the 60 largest banks in the world have poured more than $3.8 trillion into the fossil fuel industry since the Paris climate accord was adopted in 2015, providing key financing for destructive projects ranging from coal-fueled power plants in Indonesia to Enbridge’s Line 3 tar […]
Lake Maumelle in central Arkansas is a blue gem surrounded by rich forests of oak, hickory and short-leaf pine. Not only is it popular with local boaters and fishers, it also supplies much of the drinking water to half a million people in and around Little Rock. However, much of the land around the lake is privately […]
The price of bitcoin has reached US$50,000 (£36,095) – another all-time high. It’s hard to believe that 10,000 bitcoin would only buy a couple of pizzas ten years ago. It’s even stranger to think that bitcoins are completely virtual. You can’t hold one, except on a hard drive, and there’s no underlying asset to them. […]
The Netherlands hosted the Climate Adaptation Summit (CAS) 2021, marking the first time world leaders gathered at a global event focused solely on adaptation and resilience. As a platform for new commitments and renewed affirmations, CAS served as a key steppingstone to other major climate events throughout 2021, including November’s COP26 in Glasgow. By Manish Bapna […]
A coalition of climate groups ramped up their fight to stop Enbrige’s Line 3 pipeline Monday with a new campaign to put a “deluge” of pressure on the financial institutions funding the tar sands project. “Funding Line 3 is an unconscionable act at any time, but especially during a time when there is but a […]
My colleague Laura Clawson reported Tuesday that many major corporations say they are no longer contributing campaign money to the 147 Republicans who joined the gang that tried to overturn the 2020 election and keep Donald Trump in the White House. Trouble is, many of the companies whose claims in this regard were analyzed by CNN are only […]
Investment in green technologies, clean energy and climate adaptation continues to grow, and financial institutions are taking an increasing interest in this field. But many of these investments never reach communities of color and low and moderate income communities that are most in need of both the environmental and economic benefits of such investments, a […]
Caving to pressure from climate action campaigners, Lloyd’s of London, the world’s largest insurance market, announced Wednesday that it will no longer cover coal-fired power plants and mines, tar sands, or Arctic energy exploration activities from January 2022 onward, with plans to fully phase out such businesses by 2030. By Jessica Corbett Common Dreams Framing […]
As the voice of a newspaper, the Editorial Board represents an outlet’s opinion, and generally reflects the point of view of its publishers. Consisting of individual editors, columnists and journalists, the Editorial Board, and the editorials it publishes, are sort of a “with our powers combined” embodiment of the newspaper. We only bring this up […]
Five years after the world adopted the Paris climate agreement, global financial institutions have provided over $1.6 trillion in loans and underwriting to multinational fossil fuel firms planning and developing destructive oil and gas projects, a joint report from 18 environmental groups revealed Thursday. By Brett Wilkins Common Dreams Entitled Five Years Lost: How Finance Is […]
Last week, the New York state pension system announced it would divest its $200 billion+ from fossil fuels, citing financial risk — rather than climate activism — as the primary motivating factor. When activists first undertook divestment campaigns, the fund’s managers were skeptical of moving their millions of public employees’ retirement funds. By Climate Denier Roundup […]
In a decision seen by some as a subtle acknowledgement of President-elect Joe Biden’s victory even as President Donald Trump still refuses to concede, the Federal Reserve has applied to join what Bloomberg called “the climate change club for central banks,” a group that requires participation in the Paris climate agreement. By Jessica Corbett Common Dreams “We have requested membership. […]