A report commissioned by Greenpeace Switzerland has revealed the level of greenhouse gas emissions which Credit Suisse and UBS have been responsible for between 2015 and 2017. By financing companies active in extreme fossil fuels, the top two Swiss banks are responsible for the emission of 182.9 million tonnes of greenhouse gases. In 2017 alone, Credit Suisse and UBS financed 93.9 million tonnes of CO2 equivalent emissions, double the level of Switzerland’s annual emissions. The bulk of these emissions have been financed by Credit…

The European Investment Bank (EIB) has announced that the required financing of € 3.9 billion for the development of the Trans Adriatic Pipeline (TAP) project was finally put in place in December 2018. [1] Among the list of project supporters are the public investment bank BpiFrance, the credit insurance company Euler Hermes, and the commercial banks Société Générale, BNP Paribas, Crédit Agricole and Natixis.  Friends of the Earth France has criticised this scandalous, blanket support from France’s…

A new energy and climate change statement from Barclays, described by the bank as “supporting the transition to a low carbon economy, while also ensuring that global energy needs continue to be met responsibly,” is shot through with ‘half measures’, according to BankTrack. [1] Greig Aitken, Coal campaigner at BankTrack, said: “Despite Barclays’ claims, the new policy measures lack the necessary ambition to adequately contribute to combating climate change or to safeguard the health and rights of communities around…

Welcome to our end-of-year round-up, in which we look back at BankTrack's biggest moments of 2018, our fifteenth anniversary year. Thank you for reading! If you support BankTrack's work and would like to help us do more, please consider a one-off gift, or even better, a monthly donation - see our Donate page for details. 10. Judge dismisses case against BankTrack in full Last year, Energy Transfer Partners, the company behind the Dakota Access Pipeline, served BankTrack with a lawsuit claiming millions of US dollars that, lets face it,…

HSBC confirmed to campaigners that it has fully divested from Israeli drone manufacturer Elbit Systems, which sells weapons to the Israeli military used in attacks on Palestinians. Over 24,000 people emailed HSBC with concern over its investments in Elbit Systems and other companies selling weapons to Israel’s military, and 40 HSBC branches across the UK were picketed monthly for the same reason. Campaigners vow to continue the campaign, as HSBC maintains business relations with more than a dozen other companies selling weapons and technology…