Calling time on fossil financing
Thursday, 10 March 2022 07:18 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
bens_dadThe notoriously secretive bank Credit Suisse has ploughed a staggering US$82 billion into
fossil fuels since the Paris climate agreement was signed just 6 years ago.
Given that the International Energy Authority has said that keeping climate change below 1.5C (the Paris target) means no new fossil fuels, this is irresponsible. A group of major institutional investors have submitted a shareholder resolution urging Credit Suisse to reduce exposure to fossil fuel assets.
https://shareaction.org/news/credit-suisse-investors-demand-greater-climate-action
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Plus, how Europe can cut natural gas imports from Russia significantly within a year:
https://www.iea.org/reports/a-10-point-plan-to-reduce-the-european-unions-reliance-on-russian-natural-gas
fossil fuels since the Paris climate agreement was signed just 6 years ago.
Given that the International Energy Authority has said that keeping climate change below 1.5C (the Paris target) means no new fossil fuels, this is irresponsible. A group of major institutional investors have submitted a shareholder resolution urging Credit Suisse to reduce exposure to fossil fuel assets.
https://shareaction.org/news/credit-suisse-investors-demand-greater-climate-action
----
Plus, how Europe can cut natural gas imports from Russia significantly within a year:
https://www.iea.org/reports/a-10-point-plan-to-reduce-the-european-unions-reliance-on-russian-natural-gas
