Named and shamed: the banks most responsible for increasing global warming @BankTrack

Protesters against coal investment outside Bank of America. Can a city claim that it is working for sustainability if the bank it uses invests in the coal industry? A new report identifies the banks which contribute most to this climate-destroying activity, enabling public financiers to switch their business to clean banks. According to the report, last year 92 leading banks provided at least €66 billion to the industry, a record year for financial support to the top 65 coal companies in the coal mining and power sectors. BankTrack’s ‘Banking on coal 2014 ’ report, published on behalf of the World Development Movement, also reveals that this figure is four times the amount invested in 2005. Coal is the dirtiest of fuels, and the burning of it is responsible for much of our contemporary greenhouse gas emissions, contributing to global warming. According to the International...

Full article: http://sustainablecitiescollective.com/david-thorpe/10096...

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