A recent report by Stand.earth and COICA accuses five leading banks of 'greenwashing' by inadequately protecting the Amazon when financing oil and gas extraction. The analysis reveals insufficient environmental and social risk management, urging banks to cease such financing to safeguard 80% of the rainforest by 2025.
COP28 produced more money to protect the forests and other ecosystems that can draw down CO2. But new data shows fossil fuels still threaten protected forests.
This year’s COP28 kicked off in Dubai on Nov. 30 and saw Amazonian countries arriving with a string of environmental triumphs since the last climate summit hosted in Egypt. While these nations largely agree on the necessity to preserve the Amazon Rainforest, the conference has also unveiled a split over fossil fuel use and deforestation […]
Three Basins Summit: World's tropical forests threatened by fossil fuel, extractive industry expansion environewsnigeria.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from environewsnigeria.com Daily Mail and Mail on Sunday newspapers.
As an unprecedented forest summit opens in Africa, a global movement of indigenous activists is pushing to halt all industrial and oil exploration in the world’s principal forests — an expansion largely funded by the U.S. and other Western countries. Campaigners in countries from Peru to Indonesia argue oil exploration is a threat to the…