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Salon
Salon
Science
Lyric Aquino

"Net zero" banks greenwashing

Fossil fuel projects require money — and that money is coming from the world's top private banks, including many with net-zero climate pledges. That's according to a new report from the Rainforest Action Network, which looked at the major financial institutions funding oil and gas infrastructure since the 2015 Paris Agreement.

"Banks and financial institutions need to be held accountable for their role in financing false solutions that cause serious life-threatening intensity and threats to Indigenous peoples worldwide," said Tom B.K. Goldtooth, executive director of the Indigenous Environmental Network, in a press release.

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