blog
external news
our news

BankTrack hosts webinars on the 2022 Banking on Climate Chaos report
Webinar programme organized along with Reclaim Finance, Amazon Watch and 350 Latin America featured frontline community activists from Uganda to Ecuador
Together with partners Reclaim Finance, Amazon Watch and 350 Latin America, BankTrack hosted a webinar programme that brought to life March’s Banking on Climate Chaos 2022 report. Held on May 24th and June 15th, the webinars featured frontline community activists from Uganda to Ecuador, who provided searing, first-hand testimonies of how fossil fuel finance uproots lives and destroys environments. Banking on Climate Chaos in a nutshell The webinar programme incorporated voices from both the Global North and South, with the May event concentrating on European projects and banks, followed by Latin America in June. Through on-the-ground insights into the efforts to delegitimize projects such as Southern Europe’s Trans Adriatic Pipeline, or Argentina’s Vaca Muerta fracking site, attendees gained a deeper impression of the report’s case studies. 2022’s 13th annual Banking on Climate Chaos report is the most comprehensive global analysis of fossil banking to date. It scrutinises the fossil fuel financing activities and policies of the world’s 60 largest commercial and investment banks. It revealed that this top 60 is now responsible for providing US$ 4.6 trillion in fossil fuel financing since the adoption of the Paris Agreement six years ago. Of that, US$ 742 billion was arranged in 2021 alone. Maaike Beenes, Banks and Climate Campaign Lead at BankTrack, explained the report’s production and key takeaways, while Clément Faul, Research and Analysis Manager at Reclaim…