BANKS DODGY DEALS CAMPAIGNS
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2023-05-25 00:00:00
Philippines communities are fighting back against gas & LNG build-out in the Verde Island Passage
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2023-03-09 00:00:00
Dutch bank ING supports controversial pipeline to import gas from authoritarian Azerbaijan
2023-02-23 00:00:00
Financial institutions need to address steelmaking’s coal addiction
2023-05-17 14:30:30
EACOP Financial Advisor SMBC is no longer involved with the project
2023-03-28 13:43:00
French bank Société Générale withdraws from Rio Grande LNG
2023-03-20 08:50:41
Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?
2023-03-14 14:59:00
New ING policy could spark bank shift away from financing oil and gas infrastructure
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2023-05-03 00:00:00
A Rotten Business: How Barclays became the go-to bank for JBS, one of the world's most destructive meat corporations
2023-04-13 00:00:00
Banking on Climate Chaos 2023
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The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 4
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Home › Campaigns › Banks and Climate ›
Campaign

Banks and oil and gas

Contact:

For any feedback or questions on this page please contact us at
climate@banktrack.org

Oil rig. Photo: Photo by Zachary Theodore on Unsplash
Contact:

For any feedback or questions on this page please contact us at
climate@banktrack.org

Why this campaign?

Whereas global carbon dioxide emissions from burning coal have levelled off since 2010, emissions from oil and gas have continued to rise. Despite having a lower carbon dioxide intensity than coal, global carbon dioxide emissions from burning oil are now almost as high as those from coal. Gas has just over half the carbon dioxide intensity of coal and is often marketed as a 'transition fuel'. Whilst it currently causes about half the global carbon dioxide emissions of coal, the emissions from gas are increasing faster than both coal and oil. Furthermore, gas consists predominantly of the powerful greenhouse gas, methane, which evidence shows often leaks during processing, storage or distribution of gas. Opposition and campaigns against fossil fuels have historically been focused primarily on coal, but over recent years this focus has shifted to include oil and gas as well, particularly to the most polluting sub sectors such as tar sands and fracked oil and gas. 

The policies adopted by banks over the past few decades regarding fossil fuels mirrors the focus of the opposition to different sectors. Most restrictions have been placed on the financing of coal, with far fewer restrictions being placed on financing oil and gas, excluding the most environmentally destructive forms of oil and gas such as tar sands, Arctic oil and gas, and fracked oil and gas. 

Financing of oil and gas

In order to meet the 1.5 degrees temperature goal set in the Paris Climate Agreement, global carbon dioxide emissions must be more than halved from 2010 levels by 2030 and reach ‘net zero’ by 2050. This gives us a 50% chance of staying below a 1.5 degrees temperature increase by 2100. By 2030, emissions from burning oil and gas have to decrease by at least 44% and 39%, respectively. Unfortunately, current policies and pledges will lead to a 16% and 5% increase in oil and gas emissions, respectively, over the next decade. 

So current policies and pledges are not even close to being aligned with the goals set in the Paris Climate Agreement, which means that at the very least, no expansion of new fossil fuel reserves and infrastructure can be planned. Banks must therefore end support for all new oil and gas activities and implement a full phase-out for financing oil and gas projects and companies in line with the Paris Climate Agreement.

Since signing of the Paris Climate Agreement, the 60 largest banks in the world have financed key oil and gas sectors with more than USD 1 trillion. The world's four biggest financiers of these key oil and gas sectors are US banks JP Morgan Chase, Citi, Bank of America and Wells Fargo.

See here for banks' exposure to oil and gas sectors in 2016-2021.

Policy analysis

Oil and Gas Policy Tracker

Reclaim Finance tracks the oil and gas policies of financial institutions, including banks, in the Oil and Gas Policy Tool. The below shows the assessments for commercial banks. The table can be filtered by Country and for NZBA membership (more on that see here). For more information about the tool and methodology, see www.oilgaspolicytracker.org

Feedback welcome

Our policy assessments are always a work in progress and we very much welcome any feedback, especially from banks included in them. You can of course also contact us for more information on specific scores and the latest policy changes. Please get in touch at climate@banktrack.org.

Dodgy Deals
All
Projects
Companies

Mozambique LNG

Mozambique
Project
Target
Oil and Gas Extraction | ...

Mozambique LNG

Mozambique | project

Adani Group

India
Company
Active
Coal Mining | ...

Adani Group

India | company

Cambo oil field

United Kingdom
Project
Active
Oil and Gas Extraction

Cambo oil field

United Kingdom | project

Coastal GasLink pipeline

Canada
Project
Active
Pipeline Transportation of Natural Gas

Coastal GasLink pipeline

Canada | project

Driftwood LNG terminal

United States
Project
Active
LNG Terminal

Driftwood LNG terminal

United States | project

Gazprom

Russian Federation
Company
Active
Oil and Gas Extraction

Gazprom

Russian Federation | company

Jackdaw gas field

United Kingdom
Project
Active
Oil and Gas Extraction

Jackdaw gas field

United Kingdom | project

Line 3 Replacement Pipeline

United States
Project
Active
Pipeline Transportation of Crude Oil

Line 3 Replacement Pipeline

United States | project

Offshore Cape Three Points (OCTP)

Ghana
Project
Active
Oil and Gas Extraction

Offshore Cape Three Points (OCTP)

Ghana | project

Oil and gas exploration Virunga National Park

Congo, the Democratic Republic of the
Project
Active
Oil and Gas Extraction

Oil and gas exploration Virunga National Park

Congo, the Democratic Republic of the | project

Okavango oil & gas drilling, Namibia & Botswana

- international -
Project
Active
Oil and Gas Extraction

Okavango oil & gas drilling, Namibia & Botswana

- international - | project

Rosebank

United Kingdom
Project
Active
Oil and Gas Extraction

Rosebank

United Kingdom | project

Shell

United Kingdom
Company
Active
Oil and Gas Extraction | ...

Shell

United Kingdom | company

TotalEnergies

France
Company
Active
Oil and Gas Extraction | ...

TotalEnergies

France | company

Trans Adriatic Pipeline (TAP)

- international -
Project
Active
Pipeline Transportation of Natural Gas | ...

Trans Adriatic Pipeline (TAP)

- international - | project

Vaca Muerta Shale Basin

Argentina
Project
Active
Oil and Gas Extraction | ...

Vaca Muerta Shale Basin

Argentina | project

West African Gas Pipeline and Nigeria-Morocco Gas Pipeline extension

- international -
Project
Active
Pipeline Transportation of Natural Gas

West African Gas Pipeline and Nigeria-Morocco Gas Pipeline extension

- international - | project

EastMed Pipeline

- international -
Project
On record
Pipeline Transportation of Natural Gas

EastMed Pipeline

- international - | project | on record

Malicounda oil-fired power plant

Senegal
Project
On record
Oil-fired power plant

Malicounda oil-fired power plant

Senegal | project | on record
Resources
Documents
2023-04-13 00:00:00

Press release: European banks among biggest drivers of fossil fuel expansion

2023 Banking on Climate Chaos - Europe press release
NGO document
2023-04-13 00:00:00 | BankTrack, Les Amis de la Terre France, Reclaim Finance, ReCommon, Urgewald
2023-04-13 00:00:00

Banking on Climate Chaos 2023

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
BankTrack publication
2023-04-13 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, Urgewald
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
2021-07-08 00:00:00

Banking on Amazon destruction

NGO document
2021-07-08 00:00:00 | Amazon Watch & Stand.earth
2021-06-24 00:00:00

Nervous Money: Global LNG Terminals Update 2021

NGO document
2021-06-24 00:00:00 | Global Energy Monitor
2021-05-25 00:00:00

The Big Smoke

The global emissions of the UK financial sector
NGO document
2021-05-25 00:00:00 | Greenpeace and WWF
2021-03-24 00:00:00

Banking on Climate Chaos 2021

Fossil Fuel Finance Report
BankTrack publication
2021-03-24 00:00:00 | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
2020-11-11 00:00:00

Barclays’ and HSBC’s $43 billion fossil fuel problem

NGO document
2020-11-11 00:00:00 | Fund Our Future UK
2020-10-20 00:00:00

A Call to Action on the Principles for Responsible Banking: End Climate-Destructive Financing Now

Joint civil society statement
BankTrack publication
2020-10-20 00:00:00 | BankTrack, Rainforest Action Network, and others
2020-03-18 00:00:00

Banking on Climate Change - Fossil Fuel Finance Report 2020

BankTrack publication
2020-03-18 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
2020-03-18 00:00:00

Banking on Climate Change - Fossil Finance Report Card 2020 [Excel sheet]

Excel sheet with detailed bank policy scores
Other document
2020-03-18 00:00:00 | BankTrack, Rainforest Action Network, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club
2019-03-20 00:00:00

Banking on Climate Change 2019

2019 Fossil Fuel Finance Report Card
BankTrack publication
2019-03-20 00:00:00 | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
2018-11-26 00:00:00

Bankrolling the climate crisis

Aotearoa’s financial ties to the fossil fuel industry
NGO document
2018-11-26 00:00:00 | 350.org New Zealand
2017-09-25 00:00:00

Banks: High Carbon, Hidden Risks

NGO document
2017-09-25 00:00:00 | Rainforest Action Network
2017-06-21 00:00:00

Banking on Climate Change 2017

Fossil Fuel Finance Report Card 2017
BankTrack publication
2017-06-21 00:00:00 | Rainforest Action Network, BankTrack, Sierra Club, Oil Change International
2013-04-18 00:00:00

Unburnable Carbon 2013

Wasted capital and stranded assets
NGO document
2013-04-18 00:00:00 | Carbon Tracker Initiative
2011-07-13 00:00:00

Unburnable Carbon

Are the world’s financial markets carrying a carbon bubble?
NGO document
2011-07-13 00:00:00 | Carbon Tracker Initiative
2011-03-21 00:00:00

Dirty Money - Corporate greenwash and RBS coal finance

NGO document
2011-03-21 00:00:00 | Platform
2009-12-10 00:00:00

A challenging climate 2.0

What banks must do to combat climate change
BankTrack publication
2009-12-10 00:00:00 | BankTrack
2009-03-01 00:00:00

Meek Principles for a Tough Climate

Why the Climate and Carbon Principles will not stop the melting of the ice
BankTrack publication
2009-03-01 00:00:00 | BankTrack
2007-12-12 00:00:00

A Challenging Climate

What international banks should do to combat climate change
BankTrack publication
2007-12-12 00:00:00 | BankTrack
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Philippines communities are fighting back against gas & LNG build-out in the Verde Island Passage

The region has been designated to become the epicenter of fossil fuel expansion in Southeast Asia
2023-05-25 | BankTrack, Center for Energy, Ecology, and Development (CEED), Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Banken en milieugroepen willen hetzelfde, maar staan tegenover elkaar

Banks and environmental groups want the same, but disagree (in Dutch)
BankTrack quoted
2023-05-21 | Het Financieele Dagblad
Blog
BankTrack news BankTrack blog Partner news Partner blog

CITI wins prestigious award for greenwashing

Citi has been named the number 1 bank for greenwashing based on its outstanding record for failing to address climate change.
2023-05-18 | Stop the Money Pipeline
Blog
BankTrack news BankTrack blog Partner news Partner blog

EACOP Financial Advisor SMBC is no longer involved with the project

Sumitomo Mitsui Banking Corporation (SMBC) has reportedly previously acted as one of three financial advisors and as a joint lead arranger for the project loan.
2023-05-17 | BankTrack, #StopEACOP
Blog
BankTrack news BankTrack blog Partner news Partner blog

Defund TotalEnergies: a new campaign targets the company’s financial supporters

25 NGOs are launching an international campaign to urge finance to stop being complicit in TotalEnergies’ oil and gas expansion
2023-05-16 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Oil and gas expansion: BNP Paribas spares its major clients

Reclaim Finance calls on BNP Paribas to follow through on its commitment and demand that the companies in its portfolios stop developing projects that it no longer intends to finance directly.
2023-05-11 | Paris | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

ING in the spotlight ahead of its AGM for its climate destructive finance

Campaigners will join the bank’s shareholder meeting today to send the message that continuing to finance oil, gas and biomass expansion will stop the bank from meeting its climate commitments
2023-04-24 | Amsterdam | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

CSOs and EACOP-affected people’s network call for withdrawal of Barclays Bank’s research paper on EACOP

2023-04-21 | Kampala, Uganda | #StopEACOP
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global banks commit to net-zero, but bankroll carbon bomb in Australia 

New research finds that nine banks provided billions of dollars to build key infrastructure for the Barossa gas project. Campaigners say divest now.  
2023-04-19 | Environment Centre NT, Japan Center for Sustainable Environment and Society (JACSES), Jubilee Australia Research Centre, Reclaim Finance, Solutions for Our Climate, Urgewald
BankTrack news BankTrack blog Partner news Partner blog

Wall Street’s biggest banks failing key ESG test in fresh study

JPMorgan, BofA, Citi are listed as falling short in analysis. Study also singles out Goldman, Morgan Stanley and Wells Fargo
2023-04-13 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2023-04-13 | San Francisco | BankTrack, urgewald, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

French banks need better decarbonization targets and fossil fuel policies

2023-04-13 | Paris, France | Reclaim Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financial and reputational risks of EACOP pile up amidst growing opposition to project

EACOP: Finance Risk Update No. 4
2023-04-12 | BankTrack, AFIEGO, Both ENDS, Center for International Environmental Law (CIEL), Inclusive Development International, Insure our Future, Just Share
Blog
BankTrack news BankTrack blog Partner news Partner blog

Emissions trap: Financial institutions still feeding the gas industry

2023-04-05 | urgewald, Beyond Fossil Fuels, Reclaim Finance, ReCommon
Blog
BankTrack news BankTrack blog Partner news Partner blog

Australia’s big four banks face human rights complaint over Santos Barossa financing

2023-04-05 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Barclays scales down oil sands finance following investor pressure

Barclays radically reduces financing for oil sands, but fails to update other key aspects of its oil and gas policy despite investor concerns
2023-02-15 | ShareAction
BankTrack news BankTrack blog Partner news Partner blog

De gasmiljarden van ING (the gas billions of ING)

TV item about ING's financing for US LNG (in Dutch)
BankTrack quoted
2022-11-20 | Pointer
Blog
BankTrack news BankTrack blog Partner news Partner blog

These Australians are taking action against gas drilling under their own farm

ING Bank is financing oil and gas giant Santos’ development of a fracking project in eastern Australia.
2022-11-08 | ING Fossielvrij
BankTrack news BankTrack blog Partner news Partner blog

Major banks support rainforest oil project despite problems

BankTrack quoted
2022-11-04 | London | AP
Blog
BankTrack news BankTrack blog Partner news Partner blog

Lloyds Banking Group commits to not directly finance new oil and gas fields

ShareAction responds to first UK bank's commitment to not directly finance new oil and gas fields
2022-10-20 | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

Canada’s Competition Bureau opens investigation into RBC’s alleged misleading advertising on climate action

Decision comes ahead of COP27, following six members of the public, supported by environmental groups, filing complaint earlier this year
2022-10-11 | Ottawa/Traditional, Unceded territory of the Algonquin Anishnaabeg People | Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

US banks under scrutiny in Congress over continued business with Russian oil and gas

2022-09-22 | Razom We Stand
BankTrack news BankTrack blog Partner news Partner blog

UK and US banks among biggest backers of Russian ‘carbon bombs’, data shows

Ukrainian campaigners call for immediate end to investments, to cut funds to war and help avoid climate breakdown
2022-08-24 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Westpac: climate change commitments one week, financing climate-wreckers the next?

2022-08-02 | MarketForces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Publication: Japanese bank financing of the East African Crude Oil Pipeline

Backgrounder on Environmental, Social, and Governance Risk (June 2022)
2022-06-06 | #StopEACOP, Center for International Environmental Law (CIEL), Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

Mizuho's revised climate policy prohibits business with new coal clients but still not consistent with Paris 1.5°C target

2022-05-18 | Japan | 350.org Japan
Blog
BankTrack news BankTrack blog Partner news Partner blog

SMBC Group's updated climate policy still not aligned with 1.5°C target: NGO shareholders continue climate shareholder proposals

2022-05-18 | Japan | 350.org Japan
Blog
BankTrack news BankTrack blog Partner news Partner blog

Citi: Still financing Indigenous rights violations & biodiversity loss in the Amazon

A Banking on Climate Chaos 2022 case study
2022-04-26 | Amazon Watch, Rainforest Action Network, Stand.earth
BankTrack news BankTrack blog Partner news Partner blog

Chevron granted shale exploration concession in Argentina's Vaca Muerta

The Argentine province of Neuquen granted U.S. oil company Chevron a new concession for shale exploitation in the Vaca Muerta formation, with a pilot stage investment of $78.7 million, the local government said in a statement on Monday
2022-04-10 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Belgian bank KBC ends financing for new oil and gas extraction, but stops short of a complete phase out plan

2021-11-04 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs release the first “Global Oil & Gas Exit List” at Glasgow COP

2021-11-04 | Glasgow | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Wet'suwet'en chiefs demand investors and financiers of Coastal Gaslink to divest from this and all future pipeline projects

Indigenous-led campaign, endorsed by 100+ groups, urges global investors and banks to divest from and stop financing Coastal GasLink and LNG Canada
2021-10-19 | Unceded xʷməθkʷəy̓ əm, Sḵwx̱wú7mesh and səlilwətaɬ territories (Vancouver, Canada) | Gidimt
Blog
BankTrack news BankTrack blog Partner news Partner blog

New research puts big banks’ sustainability claims in doubt

While 20 of Europe’s 25 largest banks have pledged to reach net-zero emissions by 2050, none have matched these long-term ambitions with comprehensive plans to avert climate change and biodiversity loss
2021-09-06 | London | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

East African Crude Oil Pipeline: new update on risks and impacts for financiers

2021-08-09 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report: Global banks fail for financing, investment in oil & gas in Amazon rainforest

Banks remain highly exposed to risk of fueling corruption, human rights violations, and environmental harms despite commitments
2021-07-08 | San Francisco | Amazon Watch, Stand.earth
BankTrack news BankTrack blog Partner news Partner blog

Uganda joins the rights-of-nature movement but won’t stop oil drilling

2021-06-02 | National Geographic
Blog
BankTrack news BankTrack blog Partner news Partner blog

Revealed: HSBC’s dirtiest deals will emit more pollution than Brazil or Canada

As HSBC prepares for its AGM on 28 May, new research reveals that a selection of HSBC fossil fuel financial transactions over the last five years will emit 523 million tonnes of CO2 every year for decades to come
2021-05-27 | Market Forces
BankTrack news BankTrack blog Partner news Partner blog

UK rules out public subsidy for East African oil pipeline

2021-03-26 | Climate change news
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Standard Bank reviewing oil pipeline financing concerns

2021-03-03 | Daily Monitor
BankTrack news BankTrack blog Partner news Partner blog

NGOs' pressure on banks threatens $3.5bn pipeline project financing

BankTrack quoted
2021-03-02 | The East African
BankTrack news BankTrack blog Partner news Partner blog

263 ONG appellent les banques à ne pas financer la construction de l’oléoduc ougando-tanzanien

2021-03-01 | Agence Ecofin
BankTrack news BankTrack blog Partner news Partner blog

Más de 260 ONG piden a bancos no financiar un polémico oleoducto de África

2021-03-01 | Swiss Info
BankTrack news BankTrack blog Partner news Partner blog

Standard Bank targeted in appeal to avoid financing oil pipeline in East Africa

2021-03-01 | Business Live
BankTrack news BankTrack blog Partner news Partner blog

NGOs ask banks not to finance East African oil pipeline

2021-03-01 | Business Maverick
BankTrack news BankTrack blog Partner news Partner blog

In Brief: Nonprofits urge banks not to finance oil pipeline in East Africa

2021-03-01 | Devex
BankTrack news BankTrack blog Partner news Partner blog

Banks targeted in StopEACOP campaign

2021-03-01 | Energy Voice
BankTrack news BankTrack blog Partner news Partner blog

Organisations call on Standard Bank, others not to finance East African oil pipeline

2021-03-01 | Engineering News
BankTrack news BankTrack blog Partner news Partner blog

Organizations aim to block funds for East African oil pipeline

BankTrack quoted
2021-03-01 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Banks urged to steer clear of East Africa oil pipeline financing

2021-03-01 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

South Africa's Standard Bank to assess 'way forward' on East Africa oil pipeline

2021-03-01 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Standard Bank to review ‘Way Forward’ on East Africa Oil Pipeline

BankTrack quoted
2021-03-01 | Bloomberg
Blog
BankTrack news BankTrack blog Partner news Partner blog

Oil and gas financiers are staring down the barrel at $1 trillion in losses: time to rein in support for new pipelines

2021-02-16 | Greig Aitken - Global Energy Monitor
Blog
BankTrack news BankTrack blog Partner news Partner blog

Scandinavian banks poured $67 billion into the fossil fuel industry since Paris

New report finds ongoing finance for coal, oil and gas companies, with little commitments to phase-out from fossil fuels
2021-02-01 | Nijmegen, Copenhagen, Oslo, Stockholm | BankTrack, ActionAid Denmark, Fair Finance Guide Norway, Fair Finance Guide Sweden, Oxfam IBIS
Blog
BankTrack news BankTrack blog Partner news Partner blog

BNP Paribas, Credit Suisse, ING to exclude exports of Ecuadorian Amazon oil from trading activities

Commitments come in response to Amazon Watch, Stand.earth report that exposed how European banks provide USD 10 billion in oil trade financing from Amazon to U.S.
2021-01-25 | Geneva, Switzerland | Amazon Watch, Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

American financiers invested more than USD 18 billion in companies linked to Indigenous Rights violations in the Brazilian Amazon

2020-10-27 | Brasília, Brazil and Oakland, USA | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
Blog
BankTrack news BankTrack blog Partner news Partner blog

A call to action on the Principles for Responsible Banking: End climate-destructive financing now

2020-10-20
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big Oil Reality Check: New paper finds 'failure across the board' in oil industry climate plans

2020-09-23 | Washington | Oil Change International
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report reveals European banks financing trade of controversial Amazon oil to U.S.

Banks in Switzerland, France and the Netherlands facilitate trade from Amazon Sacred Headwaters region in Ecuador, where oil extraction contributes to spills, human rights abuses and climate destruction
2020-08-12 | Geneva, Switzerland | Amazon Watch, Stand.earth
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks warned that deficient fossil fuel policies are accelerating climate crisis

2019-12-12 | Madrid | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

World's top banks have poured $1.9 trillion into fossil fuel financing since the Paris Agreement was adopted, with financing on the rise each year
2019-03-20 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack calls upon banks to help fight runaway climate change

New position paper outlines hard choices banks must make if they wish to be part of the solution to the climate crisis
2009-12-10 | Nijmegen, Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Global banking giant ABN AMRO awarded for environmental hypocrisy

Dutch bank violating commitment to the environment by bidding on biggest oil drilling project in history
2006-05-11 | San Francisco | Milieudefensie
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