Major banks worldwide have provided nearly $7 trillion in financing to the fossil fuel industry since the Paris climate accord, with $705 billion in 2023 alone. The increase in financing was largely driven by investments in the LNG sector. Despite net-zero commitments, banks continue to invest heavily in fossil fuels, as highlighted in the Banking on Climate Chaos report.
Plug Power to build up to six new hydrogen plants for EV industry, after getting US$1.66-billion loan guarantee https://t.co/6bIdtOG6aA
US offers conditional $1.66 billion loan to hydrogen producer Plug Power https://t.co/IZokSCLWJJ https://t.co/dnKfqc64Dg
Hydrogen producer Plug Power surged in early trading after the Biden administration offered the US company a conditional commitment for $1.66 billion in loan guarantees to finance the construction of up to six facilities. https://t.co/Ok4Rk2KztY
$PLUG (+54.7% pre) Plug Power skyrockets after winning $1.66B conditional DoE loan guarantee - SA https://t.co/5jylk4mU6d
Plug Power’s Stock Is Racing Higher. It’s Getting the Money for Green Hydrogen Plants. https://t.co/74b1n8rIzb
Plug Power’s stock jumps 40% after long-awaited funding announcement https://t.co/ODRogQhQwa
$PLUG - received conditional loan guarantee for $1.66 billion from Dept of Energy. Ripping on news from earlier. 30% short.
Plug Receives $1.66 Billion Conditional Commitment Loan Guarantee From Department of Energy for Green Hydrogen Development $PLUG
$PLUG - Plug Receives $1.66 Billion Conditional Commitment Loan Guarantee From Department of Energy for Green Hydrogen Development PipelineLoan guarantee will bolster the buildout of Plug’s green hydrogen plant network across the United States, driving rapid advancement of the…
Activists have long sought to put pressure on the money that undergirds oil, gas and coal. But a report shows how global banks continue to finance fossil-fuel-related endeavors. https://t.co/bPZ6qIyknU
The Banking on Climate Chaos report is clear—banks are gambling our future on investments that fuel the climate crisis. In 2023, banks invested more than $700 billion in fossil fuels despite net-zero commitments. Let’s pass my Fossil Free Finance Act now. https://t.co/D5dEuSZ32I
U.S., Japanese banks lead fossil fuel financing: The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with U.S. and Japanese lenders leading the way, an annual report by climate… https://t.co/6ow3Kjo2Hq #japannews #japantoday
Fossil fuel financing by the world's 60 largest banks rose to $705bn in 2023, up by 4.8pc from $673bn in 2022, with the increase largely driven by financing for the LNG sector. https://t.co/K362HNrom3
While investors of #Renewable Energy must assess the #climate-related financial risk of banks, regulators can identify and determine the extent of exposure to climate risks in banks’ books, Labanya Prakash Jena & Prasad Ashok Thakur https://t.co/hUCbVeNMhr
The world’s biggest banks have provided a total of $6.9tn to the fossil fuel industry in the eight years since the Paris climate accord, and about $705bn in financing in 2023 alone. https://t.co/BXQ78gE5ga https://t.co/iQUbajWJzv
BANKS HAVE GIVEN ALMOST $7 TRILLION TO FOSSIL FUEL FIRMS SINCE PARIS DEAL When the #climate criminals finally face justice, there will be as many bankers as fossil fuel execs in the dock https://t.co/Eq85AmaYYH