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
GOP senators will ignore Bolton bombshell because they ‘just want this over’: ex-White House official
Appearing on CNN's "New Day," in the wake of the New York Times bombshell revelation that former national security adviser John Bolton book blows up the central impeachment defense put forward by Donald Trump's lawyers, former White House press secretary Joe Lockhart said it may not be enough to persuade Senate Republicans to allow witnesses.
According to the Times, "President Trump directly tied the withholding of almost $400 million in American security aid to investigations that he sought from Ukrainian officials, according to an unpublished manuscript of a book that John R. Bolton, Mr. Trump’s former national security adviser, wrote about his time in the White House. The firsthand account of the link between the aid and investigations, which is based on meetings and conversations Mr. Bolton had with Mr. Trump, undercuts a key component of the president’s impeachment defense."
Key winners at the 2020 Grammy Awards
Here is a list of winners in key categories at the 62nd annual Grammy Awards, which took place Sunday in Los Angeles.
Teenage goth-pop iconoclast Billie Eilish was the big winner with a total of five golden statuettes, including a clean sweep of the "big four" prizes.
Lizzo, the top nomination getter, won three prizes -- best pop solo performance, best urban contemporary album and best traditional R&B performance.
Album of the Year: Billie Eilish, "When We All Fall Asleep, Where Do We Go?"
How the world discovered the Nazi death camps
Images of what the Allies found when they liberated the first Nazi death camps towards the end of World War II brought the horror of the Holocaust to global attention.
Many of the ghastly pictures were at first held back from the broader public, partly out of concern for those with missing relatives.
The concentration and extermination camps were liberated one by one as the Allied armies advanced on Berlin in the final days of the 1939-1945 war.
The first was Majdanek in eastern Poland, which was freed on July 24, 1944 by the advancing Soviet Red Army.