Ist Sklavenhandel und Drogenschmuggel nur etwas für Profis?

https://www.tagesschau.de/wirtschaft/energie/rohstoffe-investments-100.html

#FossilInvestments #FossilFinance

Lawsuit against ING, the biggest commercial bank in the Netherlands, because of it's financing of fossil fuels:

"… the Dutch NGO that successfully sued Shell over its climate plans is taking those financial backers to court in a case that could help reverse the global banking sector’s support of fossil fuel firms and their activities."

https://www.desmog.com/2024/01/26/milieudefensie-climate-lawsuit-shell-netherlands-ing-bank/

#Shell #FriendsOfTheEarthNetherlands #FossilFinance #ING

"ExxonMobil sues to block shareholder climate petition …

ExxonMolbil says that the defendants are trying to 'force ExxonMobil to change the nature of its ordinary business or to go out of business entirely'"

https://www.carbonbrief.org/daily-brief/uk-alok-sharma-condemns-governments-oil-and-gas-bill-as-vote-passes-first-hurdle/#singlebrief2

#ExxonMobil #FossilFuelIndustry #FossilFinance

"The OECD must take its chance to stop funding oil and gas …

Despite being one of the world’s most influential trade bodies, decisions at the OECD often happen behind closed doors.

Members say that this allows them to get on with 'building better policies for better lives' without distraction.

The problem is that channelling billions of dollars of public money into fossil fuels each year doesn’t square with that aim."

https://www.climatechangenews.com/2023/11/06/the-oecd-must-take-its-chance-to-stop-funding-fossil-fuels/

#OECD #FossilFinance #FossilFuelIndustry

"One of the owners of GB News runs a hedge fund that has a major financial stake in more than 100 oil and gas firms, DeSmog can reveal."

https://www.desmog.com/2023/10/30/gb-news-owner-hedge-fund-paul-marshall-wace-fossil-fuel-investments/

#UK #GBNews #GreatBritain #PaulMarshall #FossilFinance #MediaCorruption

"Banks pumped more than $150bn last year into companies whose … projects could destroy the last chance of stopping the planet heating to dangerous levels

… 425 extraction projects that …cumulatively hold enough coal, oil and gas to burn through the rapidly dwindling carbon budget four times over."

https://www.theguardian.com/environment/2023/oct/31/banks-pumped-more-than-150bn-in-to-companies-running-carbon-bomb-projects-in-2022

via https://www.carbonbrief.org/daily-brief/carbon-emissions-threaten-1-5c-climate-threshold-sooner-than-thought-report/#singlebrief5

#FossilFinance #ClimateCrisis #JPMorganChase #Citi #BankOfAmerica #ICBC #BNPParisbas #BankOfChina #WellsFargo #HSBC #Barclays #IndustrialBank

Banks use the drugdealers defence as excuse:

France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows https://www.theguardian.com/environment/2023/oct/31/france-carbon-bomb-projects-banks-fossil-fuels-climate?CMP=Share_iOSApp_Other

#FossilFinance #pollution #france #CarbonBombs

"Concentration of asset owners exposed to power sector stranded assets may trigger climate policy resistance

Limiting global warming … would leave the Asia-Pacific, Europe and the US 'highly exposed to stranded assets, especially coal plants', a new paper finds. 'Listed owners may face stranded assets of up to 78% of their share price or more than 80% of their equity'"

https://www.carbonbrief.org/daily-brief/biden-administration-to-award-7bn-in-grants-to-create-us-hydrogen-hubs/#singlebrief8

Study: https://www.nature.com/articles/s41467-023-42031-w

#FossilFuelIndustry #StrandedAssets #FossilFinance

"California Pension Funds Have Billions Invested in Fossil Fuel Companies Named in State’s Lawsuit"

https://www.desmog.com/2023/10/12/california-pension-funds-divest-legislation-newsome-fossil-fuel/

#FossilFinance #PensionFunds #California #CalSTRS #CalPERS