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Bank of America pledged to stop financing coal. Now it's backtracking

The changes come as Republican lawmakers step up efforts to punish businesses that consider climate change and the environment in their operations.
Politics
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Older Americans protest against ‘dirty banks’ funding oil and gas projects

Hundreds of older Americans gathered in Washington on Tuesday to protest against four of the country’s largest financial institutions, cutting up their credit cards in an act of defiance meant to condemn the banks’ funding of oil and gas projects.

Solutions
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Investment in mining 'needs to nearly double' to achieve net zero, BofA says

Current levels of metals needed to decarbonize economies won't be sufficient to reach climate targets, a recent Bank of America note cautioned, and investment in mining needs to double by 2050 in order to satisfy the growing demand for low carbon technologies.

banking lenders finance climate
Photo by Josh Appel on Unsplash

How lenders aim to profit from climate change

HSBC, Bank of the West and Fannie Mae are among those offering green mortgage bonds, financing commercial clients’ efforts to rein in carbon emissions and developing other novel products that help customers tackle environmental challenges.
Top Story
Big businesses face pressure to avoid investing in areas Trump wants to develop
www.washingtonpost.com

Big businesses face pressure to avoid investing in areas Trump wants to develop

Democrats asked 11 banks not to finance Arctic development.
Politics
Yearwood and McKibben: Want to do something about climate change? Follow the money
www.nytimes.com

Yearwood and McKibben: Want to do something about climate change? Follow the money

Chase Bank, Wells Fargo, Citibank and Bank of America are the worst offenders.
Politics
Wall Street shouldn't help huge Saudi oil company go public, green groups say
www.washingtonpost.com

Wall Street shouldn't help huge Saudi oil company go public, green groups say

Bank of America, Citigroup, Goldman Sachs are getting an earful.
ORIGINAL REPORTING
British police officers standing in front of a van with a protestor standing on top.

Record prison numbers for UK activists highlight crackdown on protests

Rows of shelves with data center technology

Big Tech's power needs leave Navajo families in the dark

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World Bank renews focus on financing controversial mega dams

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Op-ed: The real scam — rail against renewables, run away with factories

People advocating against the US hydrogen hub build out

Hydrogen hubs test new federal environmental justice rules

Donald Trump

Donald Trump wins US presidency. What that could mean for the environment.

CLIMATE
Columns of the Supreme Court, looking out.

Supreme Court rulings weaken environmental protections in 2024

Sign on the EPA building saying United States Environmental Protection Agency

E.P.A. head Michael Regan stepping down before Biden’s term ends