Sierra Club: New Report - Major Global Banks are Financing Deadly US Coal Plants Thanks to Loopholes in Their Climate Commitments
August 31, 2023
August 31, 2023
NEW YORK, Aug. 31 (TNSres) -- The Sierra Club issued the following news release:
A new report by the Sierra Club's Fossil-Free Finance campaign reveals that major global banks are propping up deadly coal plants across the US by financing the parent companies that own them. This financing comes despite the fact that many banks have climate commitments that restrict them from providing project-level loans to coal plants. The analysis reveals a massive loophole in the banks' . . .
A new report by the Sierra Club's Fossil-Free Finance campaign reveals that major global banks are propping up deadly coal plants across the US by financing the parent companies that own them. This financing comes despite the fact that many banks have climate commitments that restrict them from providing project-level loans to coal plants. The analysis reveals a massive loophole in the banks' . . .