EPISODE · Jul 15, 2024 · 6 MIN
Banks using backdoor methods to fund fossil fuel projects; US gun stocks up
from Peter Ryan_ABC News Soundcloud · host Peter Ryan
Australia's major banks have been accused of using complex backdoor funding techniques to fund fossil fuel companies as a way of getting around climate change commitments. Environmental investor group Market Forces claims bank efforts to get around the Paris Agreement eight years ago amount to "greenwashing". Also US gun and ammunition stocks after Trump assassination attempt. Response from ANZ to Market Forces report: "our emissions reduction pathways for power generation, oil and gas and thermal coal sectors have reduced by 25%, 30% and 96% respectively, bet 2020/23 ... we will have largely exited all thermal coal miners by 2030"
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Banks using backdoor methods to fund fossil fuel projects; US gun stocks up
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