Jun 202016
 
By Yann Louvel and Greig Aitken, BankTrack, 20 June 2016

The dust has now settled on this year’s bank AGM season in Europe. However, with new, progressive coal financing policy announcements thin on the ground, it’s been more a case of the dust gathering on the coal finance toolkits of most of Europe’s big banking names. And this in spite of the usual concerted advocacy from coal campaigners and the growing urgency for the banks to quit coal.

BankTrack issued five new coal banks briefings for the 2016 AGM season, analysing the advances which took place last year in the coal policies of banks such as Crédit Agricole and Royal Bank of Scotland, and pointing out some of the loopholes which remain with the potential to leave a host of climate destructive investments firmly on the banks’ radar. Continue reading »

Jun 172016
 
By Greig Aitken, BankTrack, 16 June 2016

Published earlier this week by BankTrack, Rainforest Action Network, the Sierra Club and Oil Change International, the Fossil Fuel Finance Report Card 2016 – entitled ‘Shorting the Climate’ – has already been making waves. Thanks to Naomi Klein, Bill McKibben and many others for pushing #shortingtheclimate out there on social media: it’s vital that the call goes out widely to the global banking sector urging an end to its multi-billion dollar support for fossil fuels. Continue reading »

Jun 152016
 
By Greig Aitken and Yann Louvel, BankTrack, 15 June 2016

Big congratulations to Zelena akcija/Friends of the Earth Croatia following yesterday’s news that the long-proposed 500 MW Plomin C coal plant project in the Istrian peninsula is dead in the water.

Zelena akcija has been fighting the Plomin C project plans for five years. Over the last couple of years BankTrack has also campaigned on this ‘dodgy deal’, in tandem with CEE Bankwatch Network and Friends of the Earth France, owing to Crédit Agricole’s advisory role in the controversial €800 million investment and its expected potential key role in the eventual project financing. Continue reading »