#reclaimfinance — Public Fediverse posts

"Union Investment, die Fondsgesellschaft der Volks- und Raiffeisenbanken, will ab 2025 die Förderung fossiler Energieträger aus ihren nachhaltigen Fonds ausschließen und in herkömmlichen Fonds schrittweise einschränken. Kohleförderung soll in nachhaltigen Produkten ab Januar tabu sein, die Förderung von Öl und Gas ab April."

https://www.ecoreporter.de/artikel/union-investment-will-nicht-mehr-in-%C3%B6l-und-gasf%C3%B6rderung-investieren/

#etfsarenotsustainable #fairfinance #urgewalt #reclaimfinance #greenpeace #Volksbank #Raiffeisenbank #bank #geld #investieren #unionInvestment #fossil #co2 #klima #öl #gas #kohle

The expansion of LNG depends on the support of banks and asset managers who continue to pump unrestricted finance into the sector, with banks providing US$213 billion for LNG expansion between 2021 and 2023.

The #report assesses financial flows (project financing and corporate financing) to and investments (bonds and equity) in the 150 largest LNG developers: https://reclaimfinance.org/site/en/2024/12/05/frozen-gas-boiling-planet-how-the-support-of-banks-and-investors-to-lng-fuels-a-climate-disaster/

#LNG #oilAndGas #energy #GHG #exports #emissions #carbon #methane #assets #capacity #commodities #ReclaimFinance

New research by #ReclaimFinance: #ING is in the top-10 European banks financing companies that develop new oil&gas fields, even though it has been known since 2021 that that is not compatible with the #ParisAccord. A whopping 138 deals totalling more than US$11 billion #ClimateCrisis #BankierVanDeKlimaatcrisis https://reclaimfinance.org/site/en/2024/11/07/european-banks-and-transition-time-for-a-reality-check/

"Selling carbon offsets is deeply misguided. Offsets are unlikely to generate funds at the scale needed, and any offset transactions would negate the climate benefits from shutting down coal plants"

#ReclaimFinance: https://reclaimfinance.org/site/en/2024/11/12/coal-transition-commission-disappoints-with-misguided-promotion-of-offsets/

#credits #abatments #coal #CTC #COP29 #emissions #transition #energyTransition #offsets #energy #carbonOffsets #plants #coalPlants #carbon #GHG

@eu @energy @energyecon

"European banks’ sectoral policies are too weak overall, as only four restrict financing to companies developing new oil and gas fields, and only one prohibits financing to LNG export terminal developers."

#ReclaimFinance: https://reclaimfinance.org/site/en/2024/11/07/european-banks-and-transition-time-for-a-reality-check/

#oilAndGas #energy #banks #finance #Europe #greenCapitalism #EU #carbon #growth #spillovers #transition #greenTransition #energyTransition #drill #development #growth #economy

@eu @energy @energyecon

"European banks’ sectoral policies are too weak overall, as only four restrict financing to companies developing new oil and gas fields, and only one prohibits financing to LNG export terminal developers."

#ReclaimFinance: https://reclaimfinance.org/site/en/2024/11/07/european-banks-and-transition-time-for-a-reality-check/

#oilAndGas #energy #banks #finance #Europe #greenCapitalism #EU #carbon #growth #spillovers #transition #greenTransition #energyTransition #drill #development #growth #economy

@eu @energy @energyecon

"European banks’ sectoral policies are too weak overall, as only four restrict financing to companies developing new oil and gas fields, and only one prohibits financing to LNG export terminal developers."

#ReclaimFinance: https://reclaimfinance.org/site/en/2024/11/07/european-banks-and-transition-time-for-a-reality-check/

#oilAndGas #energy #banks #finance #Europe #greenCapitalism #EU #carbon #growth #spillovers #transition #greenTransition #energyTransition #drill #development #growth #economy

@eu @energy @energyecon

"European banks’ sectoral policies are too weak overall, as only four restrict financing to companies developing new oil and gas fields, and only one prohibits financing to LNG export terminal developers."

#ReclaimFinance: https://reclaimfinance.org/site/en/2024/11/07/european-banks-and-transition-time-for-a-reality-check/

#oilAndGas #energy #banks #finance #Europe #greenCapitalism #EU #carbon #growth #spillovers #transition #greenTransition #energyTransition #drill #development #growth #economy

@eu @energy @energyecon

"European banks’ sectoral policies are too weak overall, as only four restrict financing to companies developing new oil and gas fields, and only one prohibits financing to LNG export terminal developers."

#ReclaimFinance: https://reclaimfinance.org/site/en/2024/11/07/european-banks-and-transition-time-for-a-reality-check/

#oilAndGas #energy #banks #finance #Europe #greenCapitalism #EU #carbon #growth #spillovers #transition #greenTransition #energyTransition #drill #development #growth #economy

Extinction rebellion at Hiscox syndicates which recent report reclaimfinance.org/site/wp-con… labelled as slow movers " have yet to commit to stop insuring new oil and gas fields." #insurance #ExtinctionRebellion #Hiscox #LloydsOfLondon #ReclaimFinance

Extinction rebellion at Hiscox syndicates which recent report reclaimfinance.org/site/wp-con… labelled as slow movers " have yet to commit to stop insuring new oil and gas fields." #insurance #ExtinctionRebellion #Hiscox #LloydsOfLondon #ReclaimFinance libranet.de/photos/benbuse/ima… (1/2)

Extinction rebellion at Hiscox syndicates which recent report reclaimfinance.org/site/wp-con… labelled as slow movers " have yet to commit to stop insuring new oil and gas fields." #insurance #ExtinctionRebellion #Hiscox #LloydsOfLondon #ReclaimFinance libranet.de/photos/benbuse/ima… (1/2)

Reporterre
« Les assurances-vie alimentent le dérèglement climatique »
https://mcinformactions.net/les-assurances-vie-alimentent-le-dereglement-climatique
#assurancesvie #urgenceclimatique #ReclaimFinance

Why court cases and regulation are necessary: '70% of the 430 passive funds with sustainability claims analyzed invest in companies developing new coal, oil, or gas projects, such as Glencore, TotalEnergies and Shell' #ReclaimFinance #GreenFinance #Greenwashing https://reclaimfinance.org/site/en/2024/03/20/sustainable-claims-for-passive-funds-misleading-new-analysis-shows/

Interesting idea: 'Between strict divestment and complacent commitment, #ReclaimFinance is proposing a third way: halting the purchase of new bonds while using power as a shareholder to block companies’ climate-wreaking strategies'. The aggression of Exxon towards green shareholders makes you wonder whether it would work, though #Klimaatzaak #ClimateCrisis https://reclaimfinance.org/site/en/2024/02/13/between-lax-engagement-and-complete-divestment-is-there-a-third-way/

Remarkable report #Banking on #ClimateChaos reveals #fossil fuel financing from the world’s 60 largest banks has reached USD $5.5 trillion since the #ParisAgreement, with $673 billion in fossil fuel financing in 2022 alone.

Incredibly detailed joint research by #RAN, #BankTrack, #Indigenous #Environmental #Network (IEN), @priceofoil, #ReclaimFinance, #SierraClub , and @urgewald endorsed by 623 organisations around the world

https://www.bankingonclimatechaos.org