This article was written by Mitchell Beer and originally published in The Energy Mix on January 23, 2023. Denmark’s biggest bank has declared an end to fossil fuel financing, after concluding that 99.9% of its carbon footprint comes from financed emissions. Danske Bank supports “an orderly transition to low-carbon economies and will, for that reason,…

This article was written by Esme Stallard and originally published by BBC on December 14, 2022. HSBC has announced it will stop financing new oil and gas fields, as part of its efforts to drive down global greenhouse gas emissions. Environment groups said the move sends “a strong signal” to fossil fuel giants that investment…

Danske Bank, a Danish banking company recently published a statement outlining its position on fossil fuel investments. To read this statement, click here.

This article was written by Barbara Shecter and originally published in the Financial Post on August 22, 2022. If you want to understand the sway Canada’s energy sector has historically held over the country’s big banks, you need only look back a few years to a controversy stirred up when Canadian Imperial Bank of Commerce…

This article was written by Alan Andrews and originally published by EcoJustice on June 8, 2022. The dark money behind fossil fuels  Climate change is an existential threat to the future of humanity and all life on earth. But there is a clear solution to averting the climate disaster – stop consuming fossil fuels and…

This article was written by Omar Mawji and originally published in the IEEFA on May 25, 2022. May 25, 2022 (IEEFA)—Oil and gas companies across western Canada are unable to meet their share of the total $72 billion in future decommissioning obligations even if oil prices stay above $85 per barrel, according to a new…

This article was written on Wednesday, March 30, 2022, and originally published by Stand.Earth. 13th edition of Banking on Climate Chaos report shows RBC, Scotiabank, CIBC, TD, and Bank of Montreal increased financing of fossil fuels by a combined CAD $61 billion in 2021. All of Canada’s major banks grew support for the fossil sector last…

Wet'suwet'en call on Royal Bank of Canada to revoke financing of Coastal Gas Link pipeline.

This article was written by Jeffrey Jones and originally published to The Globe and Mail on September 21, 2021. Big-name stock exchanges, rating agencies, auditors and index providers have banded together in a group led by former central banker Mark Carney.To focus its actions on achieving net-zero carbon emissions as countries prepare to meet new…

This article was published to The Energy Mix on September 21, 2021. Global heating should be sending a chill up the spines of U.S. bankers as a new report finds that climate risk now imperils balance sheets more than the subprime mortgage crisis did 14 years ago.  The report by Boston-based sustainability non-profit Ceres finds…