Financial institutions have chaneled $745 billion over the past three years to new coal power projects worldwide despite effort to reduce fossil fuel use to fight climate change, a report released Thursday said.
The amount was calculated using data covering both lending and underwriting between January 2017 and September 2019 for all 258 coal plant developers identified in the Global Coal Exit List, drawn up by the Urgewald and BankTrack groups.
Altogether, the report cites more than 1,000 new coal power stations or units in the pipeline.
“Most of the top banks providing loans or investment banking services to these companies acknowledge the risks of climate change, but their actions are a slap in the face to the Paris Climate Agreement,” said Greig Aitken, climate campaigner at BankTrack.
The top three lenders listed are the Japanese banks Mizuho, Mitsubishi UFJ Financial Group and the Sumitomo Mitsui Banking Corporation.
These are followed by Citigroup and BNP Paribas.
© 2019 AFP
America is on pace for record-shattering early voter turnout — including in critical states: report
On Tuesday, The Washington Post reported that voters are casting early ballots in numbers on track to set a historic record — including in some critical battleground states.
"Early-voting counts suggest a record level of civic participation before Election Day. The tens of millions of ballots already cast show highly enthusiastic voters are making sure their votes are counted amid a pandemic," said the report.
15.8 million people in battleground states have already voted, and in some states, like Michigan and Wisconsin, more people have voted early so far than did in the entire early voting period of 2016. In North Carolina, meanwhile, 2 million ballots have been cast — more than double the same amount at this point in 2016.
Pro-Trump activist who claims he’s from the future will represent himself against federal charges for stealing NFL brain scans
On Tuesday, The Daily Beast's Will Sommer reported that Austin Steinbart — a QAnon activist controversial even within the pro-Trump conspiracy world — plans to act as his own attorney in an upcoming federal criminal case.
Some QAnon news: QAnon figure Austin Steinbart, who goes by the alias "Baby Q" and has claimed to be the leader of QAnon visiting from the future via time travel, just filed to act as his own attorney in a federal felony case. What could go wrong?
— Will Sommer (@willsommer) October 20, 2020
‘Whiny orange baby’ Trump mocked for his panicked threat to scoop CBS on his own interview meltdown
On Tuesday, following reports that President Donald Trump stormed out of a "60 Minutes" interview with Lesley Stahl for an unknown reason, the president tweeted that he is considering releasing footage ahead of CBS, to prevent reporters from spinning the "FAKE and BIASED" interview.
Commenters on social media laughed at the president for telegraphing his apparent fear over the content of the exchange.
Lay off the drugs man.