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Seven of Bloombergs Top Ten Greenest Banks Are Climate Killers

2013-04-11 05:55:00| Climate Ark Climate Change & Global Warming Newsfeed

Rainforest Action Network: This week, Bloomberg published the results of its third annual ranking of the worlds greenest banks: Citi was ranked first, followed by Santander and JPMorgan. The study assesses banks based on their lending to clean-energy projects and reduction in their own power consumption and carbon footprints. However, banks support for dirty energy, such as fossil fuel and nuclear power, is notably absent from Bloombergs methodology. When the value of banks finance for fossil fuels so often dwarfs their...

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