56 largest members provided US$269 billion to 102 large fossil fuel \u0027expanders\u0027 since joining the group. Find out more.
Play Video
This financing by global institutions including some of the largest banks in North America and Europe included 134 syndicated loans to 77 companies and US$101 billion in new debt and equity for 74 firms through 215 underwriting transactions, according to research conducted by research institute Profundo, a not-for-profit with a mandate focused on sustainability and social justice, using data from Refinitiv, Bloomberg and IJGlobal.
The environmental groups said that money could instead have been spent “building out renewables and batteries, developing new electric powered arc-steel furnaces, or helping to pay for a just phaseout of coal and gas power plants.”Article content A spokesperson for GFANZ said the report focuses on “an important aspect” of the energy transition, and added that it is clear more work has to be done to ensure capital is being deployed In ways that will help meet environmental targets.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report takes Carney climate alliance to task for providing billions for new fossil fuel projects56 largest members provided US$269 billion to 102 large fossil fuel \u0027expanders\u0027 since joining the group. Find out more.
Read more »
Britney Spears gives finger in response to 'meltdown' reportBritney Spears gave the finger in her latest Instagram clip after it was reported she had a \u0022manic\u0022 episode at a restaurant
Read more »
Business trusted most in a more polarized world, report saysPeople worldwide are more gloomy about their economic prospects than ever before and trust business far more than other institutions like governments, non-profits and the media in an increasingly divided world, according to a survey from public relations firm Edelman.
Read more »
’90 Day Fiancé’ Star Michael Baltimore Arrested: ReportMichael Baltimore has been arrested. The U.S. Marshalls announced the '90 Day Fiancé: Happily Ever After?' star has been apprehended after fleeing from a bar fight, according to the press release, via People. The arrest comes after Baltimore allegedly gunned down his former employer Kendell Jerome Cook in 2021, landing the reality star on the…
Read more »
REPORT: Toronto considered one of the world’s most powerful citiesToronto may be one of the greatest cities in the world but it’s also one with great power, according to the 2022 Global Power City Index.
Read more »
Union calls for release of report on allegedly 'poisoned' environment at Pinecrest Public SchoolAn office within the Ottawa\u002DCarleton District School Board began looking into Pinecrest Public School last spring.
Read more »