Investment firms with Irish subsidiaries pump €5.7bn into fossil fuels since Paris climate deal

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 98%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

New report claims Ireland is a ‘significant channel’ for global investment in fossils fuels and industrial agriculture

The report also revealed that as of January this year, Irish financial institutions here held €12.1 million

The details about Ireland’s role in financing fossil fuels were released as part of the wider report, which indicated bank financing to the fossil fuel industry in the global south reached an estimated $3.2 trillion in the seven years since the Paris climate accord. The report also highlighted that since the Paris climate accord, banks globally have provided 20 times more financing to fossil fuels and agriculture activities in the global south than northern governments“At a time of unprecedented climate crisis, the world’s banks and investments funds continue to invest staggering amounts into fossil fuels and environmentally harmful large-scale agribusiness in the Global South,” said ActionAid Ireland chief executive Karol Balfe.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

€5.7bn investment in fossil fuels funnelled through Irish corporation tax regimeSocial justice charity says multinational operations in Ireland ‘comes at a cost for the world’s poor’
Herkunft: businessposthq - 🏆 8. / 71 Weiterlesen »

Causeway Capital triples return on Celtic Linen investmentThe private equity firm backed by the ISIF acquired the Wexford-based linen rental and laundry business out of examinership in 2016 for €4 million
Herkunft: businessposthq - 🏆 8. / 71 Weiterlesen »