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Big Banks Pull Financing, Prepare To Seize Assets From Collapsing Oil and Gas Industry

DeSmogBlog

Read time: 6 mins The finances of the oil and gas industry are so dismal that the major banks that have funded the money-losing fracking boom are now exploring taking the unusual step of taking over the oil companies that can not afford to pay back the bank’s loans. Tags: fracking finance Big Banks

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‘Uninsurable and Unhedgeable’: Central Banks Warn of Financial Crisis from Climate Change

DeSmogBlog

Read time: 6 mins A future climate disaster, or “green swan” event, could bring down the global financial system, according to a new report from the Bank for International Settlements ( BIS ), an international financial organization that serves as a bank for central banks around the world.

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Why investors are putting biodiversity on the balance sheet

GreenBiz

Most investors and companies still don’t put a price tag on natural capital, or the cost of losing it, and biodiversity becoming a top "theme" only means people have begun talking about it. That said, huge as it sounds, that $7 trillion represents only a fraction of the more than $100 trillion in global assets under management.

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Pollution Scientist Calls Plastic Pellet Spill in the Mississippi River 'a Nurdle Apocalypse'

DeSmogBlog

But huge numbers of the pellets, which were made by Dow Chemical and are melted down to manufacture plastic products, still line the river banks in New Orleans and further afield. . Tags: plastics nurdles Formosa Louisiana Department of Environmental Quality (LDEQ)

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Under Rising Pressure on Climate, JPMorgan Rejects Shareholder Calls to Disclose Full Carbon Footprint

DeSmogBlog

Read time: 7 mins America’s largest bank is shunning calls from shareholders to disclose its full emissions, despite warnings from its own economists that “catastrophic” climate change could end up threatening human life “as we know it.”. JPM organ Chase, which a coalition of U.S. JPM organ Chase, which a coalition of U.S.

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Long Exposed to Polluted Air, Louisiana’s Cancer Alley Residents Are Now in a COVID-19 Hotspot

DeSmogBlog

John the Baptist Parish, both located on the river’s banks and where predominantly black communities have been fighting for clean air for years. Tags: Louisiana cancer alley COVID-19 Denka air pollution RISE St.

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First nationwide DDRS trial: 20,000 cash rewards redeemed by Ocado Retail customers

Envirotec Magazine

Held across England and Wales, the world-first initiative enabled monetary rewards and charity donations to be claimed through the Bower app, in which customers simply set up their account and add their regular recycling bins and bank account. Up to £4,000 worth of rewards were obtained during the nine week long trial.

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