Quantcast
Connect with us

Financial groups gave $745 billion for 258 new coal power plants: Report

Published

on

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.

ADVERTISEMENT

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.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

2020 Election

Fox News pundit: Tax returns ruling against Trump is ‘a win for him’ and ‘will help the president’

Published

on

Fox News pundit Katie Pavlich argued on Thursday that a Supreme Court ruling which opened the door for prosecutors to obtain Donald Trump's tax returns is actually "a win" for the president.

Pavlich made the remarks after the Supreme Court of the United States ruled that Manhattan District Attorney Cyrus Vance can request the president's tax records in a public corruption case.

"I think it's a win and a little bit of a loss for President Trump," Pavlich explained. "In the sense that he will now have to deal with a number of these issues and other presidents in the future will as well, whether they are valid requests for information or not and whether they are being made for political for reasons or for valid criminal investigations."

Continue Reading

Breaking Banner

Trump melts down on Twitter after his own Supreme Court nominees rebuke him on financial cases

Published

on

On Thursday, following the 7-2 rulings from the Supreme Court rejecting President Donald Trump's claims of absolute immunity in the New York tax returns and House financial oversight cases, the president took to Twitter to complain.

In the thread, Trump whined that he was being unfairly targeted by the Supreme Court decisions — which were joined by the two justices he appointed — and claimed he was a victim of "prosecutorial misconduct."

We have a totally corrupt previous Administration, including a President and Vice President who spied on my campaign, AND GOT CAIGHT...and nothing happens to them. This crime was taking place even before my election, everyone knows it, and yet all are frozen stiff with fear....

Continue Reading
 

Breaking Banner

WATCH: Raging New York man screams racial slurs as he chases Black woman’s car

Published

on

An upstate New York man was charged with a hate crime after he chased a Black woman and her boyfriend shouting racial slurs.

Athina Mitchell and Charles Wilkinson were looking for a new fishing spot they'd heard about Sunday in Plattsburgh when an angry white man approached their car shouting, reported WPTZ-TV.

"Here n*gger, n*gger, n*gger," the man said, as if calling to her like a dog.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image