Some of the world’s biggest central banks are unwittingly helping to finance agri-business giants engaged in the destruction of the Brazilian Amazon. The banks buy…
Tag: finance
Sprawling coastal cities in South and Southeast Asia are sinking faster than elsewhere in the world, leaving tens of millions of people more vulnerable to…
The world’s chances of avoiding the worst ravages of climate breakdown are diminishing rapidly, as we enter “uncharted territory of destruction” through our failure to…
Higher high tides, supercharged by rising sea levels, could flood all or parts of an estimated $34 billion worth of real estate along the nation’s…
Woodside Energy, Australia’s largest energy producer, on Tuesday capped a string of bumper results by oil, gas and coal producers. The Perth-based company said its…
PetroChina Co., Sinopec and Cnooc Ltd. each said they made historic amounts of money in the January-to-June period. PetroChina’s chairman said government stimulus packages are…
Global public subsidies for fossil fuels almost doubled to $700 billion in 2021. Despite the huge profits of fossil fuel companies, the subsidies soared as…
Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production. Revenue climbed 80% to $150…
The world’s biggest ice sheet could cause “several meters” of sea-level rise over centuries if the global temperature rises more than 2°C, according to a…
In recent years, Wall Street firms have tried to talk up their commitment to the environment and social justice. Now they are singing a different…
Wildfires have depleted almost all of the carbon credits set aside in reserve by forestry projects in the US to protect against the risk of…
To understand why it is proving so hard to break up with coal, we worked with an international team of around 35 researchers to investigate…
Extreme weather events linked to climate change caused about $65 billion in total losses in the first half of 2022, roughly half of which hit…
Coal prices are soaring, hitting $462 per tonne today, up from $186 on the 23rd of February and likely to pass $500 this year. Russia is Europe’s…
Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even…
Saudi Aramco has overtaken Apple as the world’s most valuable company after higher oil prices pushed shares of the world’s biggest crude exporter to record…
Indonesian state-owned oil and natural gas company Pertamina has reportedly received approval for the $2.41 billion investment plan to expand the Rokan oil block. Pertamina…
Investors refused to back resolutions demanding stricter fossil fuel financing policies at three major US banks. Proposals filed at Wells Fargo, Bank of America and…
China’s National Development and Reform Commission (NDRC), the country’s top economic planner, will launch special investigation into the implementation of medium- and long-term contracts signed…
The top 10 banks—ranked as the largest funders of fossil fuel organizations—are talking more about climate change in general. However, in an analysis of annual…
Research prompts warnings humanity is ‘financing its own extinction’ through subsidies damaging to the climate and wildlife. From tax breaks for beef production in the…
25 European banks have provided $US33 billion (£24 billion) in loans and other financing to 50 companies with large oil and gas expansion plans, less…
The European Commission has been accused of undermining its climate goals after it defied critics by pushing ahead with plans to include gas and nuclear…
This backing for coal, oil and gas is “reckless” in the face of the escalating climate emergency, according to the report’s authors, and urgent action is…
