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The Independent UK
The Independent UK
National
Sasha Chavkin

How mega-polluters take advantage of billions in green loans

Greenwashing - (ASSOCIATED PRESS)

Shell got one. So did the pipeline company Enbridge. And last summer, energy giant Drax got its biggest one to date, worth more than half a billion dollars.

These weren’t just any loans to massive corporations. They were made by some of the world’s largest banks at discounted rates, in exchange for commitments by each of these mega-polluting companies to improve their environmental practices.

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