April 3, 2016, entered history as a black Sunday for tax evaders, arms smugglers, drug dealers, corrupt politicians, athletes and business people as well as many financial institutions around the world. That day, more than 100 media companies in 76 countries simultaneously published internal documents of the law and corporate services firm Mossack Fonseca, a provider of offshore services. ... →
On Tuesday 15th March, the Fair Finance Guide Germany was launched at a press conference in Berlin. A summary of the results given, showed that five of the eight banks evaluated did not even meet half of the defined 240 criteria. The alternative banks, GLS bank and Triodos, currently lead the ranking, with the Landesbank LBBW and the Catholic Pax-Bank trailing behind. ... →
The world’s 25 largest private sector banks channelled at least USD 931 billion into fossil fuel companies in the period 2009-2014, according to a new report launched today by Fair Finance Guide and BankTrack, while over the same period the banks’ financing of renewable energy totalled USD 98 billion.
Alexandre Naulot, spokesperson at Fair Finance Guide International, said: “This analysis, the first international study to compare private sector bank financing of fossil fuels and renewable energy, identifies the alarming priority that banks have been giving to dirty energy over clean energy since 2009, the year of the Copenhagen climate summit. ... →