Tootfinder

"Banking alliance aimed at limiting fossil fuel investments collapses"
#Banks #Finance #FossilFuels

Banking alliance aimed at limiting fossil fuel investments collapses
A coalition formed to align the international banking sector’s investments with global climate goals has disbanded nearly four years after it was launched. Set up in 2021, the Net-Zero Banking Alliance (NZBA) was a U.N.-sponsored initiative to shift bank financing away from fossil fuels — the biggest source of climate changing greenhouse gases — and […]

#Banksters forced to rehire dozens of workers after realizing much vaunted #ChatBot replacement was not cutting the mustard with actual human customers
"We have apologized to the employees concerned and acknowledge we should have been more thorough in our assessment of the roles required," a bank spokes…

"Report links world’s top banks to social & environmental harms from mining"
#Banks #Finance #Environment

Report links world’s top banks to social & environmental harms from mining
A new Forests and Finance Coalition report finds top financial institutions, including JPMorgan Chase, Bank of America and BlackRock, support mining companies linked to deforestation, land-grabs, contamination and Indigenous rights violations. According to the report, from 2016-24, major banks provided $493 billion in loans and underwriting to mining companies, including Glencore, Rio Tinto and Vale. […]

"Banks fund $65 million for 100 MW solar project in Turkey"
#Turkey #Banks #SolarPower #Energy

Banks fund $65 million for 100 MW solar project in Turkey
The Asian Infrastructure Investment Bank (AIIB) and Industrial Development Bank of Turkey (TSKB) have each contributed $32.5 million toward a senior debt financing package for a 100 MW solar project in southern Turkey.