Mining projects lead to loss of vegetation over large areas

Photo: Global News

Banks Financed Projects Worth $2.6tn Which Harmed Environment In 2019: Study

In an initiative by which analysed Investment Banks loans revealed that in 2019, financial institutions funded projects worth $2.6 trillion which harmed environment and wildlife. The 'Bankrolling Extinction' report noted that banks lack systems to measure the environmental-degradation due to projects financed by them. While banks approved the Paris-Agreement commitment of not financing fossil-fuel projects, the report lauded … read-more

Wed, 28 Oct 2020 - 11:17 AM / by Nitesh Kumar Singh

Tags: environment, Investment banks, Paris Climate Agreement, Ecosystem, conservation, fossil fuel

Courtesy: The Guardian