Renewable Revolution

October 22nd, 2018 by Carolyn Fortuna

SNIPPET:

In October, 2018, major global banks met to revise the Equator Principles, which are industry-led due diligence standards to prevent banks from endorsing environmentally and socially harmful projects. In what many see as a duplicitous move, however, several of the Equator Principles signatories also continue to support Enbridge, the Canadian company behind the Line 3 tar sands pipeline.

Protests took place during the October Equator Principles Association meeting, and activists called out the Enbridge-funding banks for complicity in violating Indigenous rights and promoting investments in dirty energy. The protestors made visible the needs for financial institutions to be held accountable for investments that are incompatible with the goals of the Paris Agreement on climate as well as to end Indigenous rights abuses and climate chaos.

Full article:

https://cleantechnica.com/2018/10/22/protestors-call-out-hypocrisy-at-equator-principles-meeting/