The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
France’s Largest Bank Cuts Ties With Dirty Energy Companies
In a statement, France's largest bank said it would also stop financing shale and tar sands projects and oil and gas production or exploration projects in the Arctic. The global bank has previously committed to spending billions of euros on renewable energy financing and energy efficiency, and has ceased support for coal mines and coal-fired power plants.
"We're a long-standing partner to the energy sector and we're determined to support the transition to a more sustainable world," CEO Jean-Laurent Bonnafé said in a statement. "As an international bank, our role is to help drive the energy transition and contribute to the decarbonization of the economy."
As reported by Reuters:
"The bank previously said it planned to spend 15 billion euros ($17.72 billion) to finance renewable energy projects by 2020 and invest 100 million euros in start-ups specializing in energy storage and efficiency.
The lender has already stopped financing coal mines and coal-fired power plants, and no longer supports coal companies that are not planning to diversify their energy sources."
For a deeper dive:
EcoWatch Daily Newsletter
By Bijal Trivedi
The Centers for Disease Control and Prevention (CDC) released a report on Nov. 13 that describes a list of microorganisms that have become resistant to antibiotics and pose a serious threat to public health. Each year these so-called superbugs cause more than 2.8 million infections in the U.S. and kill more than 35,000 people.
By Joe Vukovich
Under the guise of responding to consumer complaints that today's energy- and water-efficient dishwashers take too long, the Department of Energy has proposed creating a new class of dishwashers that wouldn't be subject to any water or energy efficiency standards at all. The move would not only undermine three decades of progress for consumers and the environment, it is based on serious distortions of fact regarding today's dishwashers.
By Emily Moran
If you have oak trees in your neighborhood, perhaps you've noticed that some years the ground is carpeted with their acorns, and some years there are hardly any. Biologists call this pattern, in which all the oak trees for miles around make either lots of acorns or almost none, "masting."
By Catherine Davidson
Tashi Yudon peeks out from behind a net curtain at the rooftops below and lets out a sigh, her breath frosting on the windowpane in front of her.
Some 700 kilometers away in the capital city Delhi, temperatures have yet to dip below 25 degrees Celsius, but in Spiti there is already an atmosphere of impatient expectation as winter settles over the valley.