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NGOs Call for Banks' Rejection of Tar Sands Pipelines
December 15, 2017
The nongovernmental organizations Greenpeace and Oil Change International have published a report warning major banks that their continued financing of tar sands pipelines risks legal action related to the rights of Indigenous communities and reputational risks regarding the compliance of these pipelines with the UN's Paris climate accord.
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NGOs Promote Climate Disclosures to Stock Exchanges
December 14, 2017
The Global Reporting Initiative and the Carbon Disclosure Standards Board co-hosted a workshop for stock exchange leaders to promote the implementation of the reporting guidelines introduced this year by the Task Force on Climate-related Financial Disclosures.
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Philippines Investigates Fossil Fuel Companies for Climate Change
December 14, 2017
The Commission on Human Rights of the Philippines is conducting the world’s first “national inquiry into the responsibility of the fossil fuel industry for the human rights impacts resulting from climate change hits,” with major companies such as ExxonMobil, Shell, and BP facing investigation in the wake of the deadly typhoon Yolanda, attributed by some to climate change.
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World Bank Bond Project Incentivizes Low-carbon Business Practices
December 14, 2017
The World Bank has completed the second repayment of bonds under its Pilot Auction Facility, a program designed to “promote private sector investment in climate action” through an incentivized bond regime.
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Development Financiers Commit to Climate-friendly Financing
December 14, 2017
Members of the International Development Finance Club and the Multilateral Development Banks have issued a joint statement promising to increase the proportion of investment directed to “low-carbon and climate resilient sustainable development,” as well as to fight for related policy adaptation by national and subnational governments.
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