BankTrack news
BankTrack blog
Partner news
Partner blog
European banks refuse to safeguard biodiversity from fossil fuels
Out of the 24 European banks contacted by civil society groups from across the world, none committed to refrain from financing activities linked to biodiversity destruction, including in highly threatened areas such as the Coral Triangle.
36 NGOs and community organisations worldwide wrote to 24 European commercial banks in June demanding that they address the threats that fossil fuels pose to biodiversity. In particular, they called for ending all financial support to planned and existing fossil fuel projects and the companies behind them in all critical biodiversity areas, including in the Coral Triangle.(1) Seventeen banks…
