World’s top banks ‘greenwashing their role in destruction of the Amazon’

World’s top banks ‘greenwashing their role in destruction of the Amazon’

submitted by newiceberg

www.theguardian.com/environment/article/2024/ju…

Institutions alleged to have given billions of dollars to oil and gas companies involved in projects that are harming the rainforests

Five of the world’s biggest banks are “greenwashing” their role in the destruction of the Amazon, according to a report that indicates that their environmental and social guidelines fail to cover more than 70% of the rainforest.

The institutions are alleged to have provided billions of dollars of finance to oil and gas companies involved in projects that are impacting the Amazon, destabilising the climate or impinging on the land and livelihoods of Indigenous peoples.

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3 Comments

AuroraZzz , edited

Having more trees would definitely help us fight climate change. This might be the wrong direction for us to go as a species

granolabar , edited

some of american banks trace their seed capital to slavery.... what do you expect from slaver culture?

granolabar

some of american banks trace their see capital to slavery.... what do you expect from slaver culture?