‘World’s money is flowing in the wrong direction’: Funding of fossil fuels eclipses climate finance. Funding for polluting industries far outstrips support for climate change mitigation, a new report shows. Top banks are funding two of the world’s most polluting industries far more aggressively than governments are funding solutions, a new report reveals. Banks including...
A recent study published in the journal Nature found that gold and mineral mining in and near rivers across the tropics is degrading waterways in 49 countries. The paper explains that river mining often involves intensive excavation, which results in deforestation and increased erosion. Much of the excavated material is released to rivers, disrupting aquatic life in ecosystems nearby and...
The European Union and 17 countries are set to issue a statement on Friday warning against an increased reliance on carbon capture technology in the fight against climate change, according to reporting from Reuters. “Abatement technologies must not be used to green-light continued fossil fuel expansion,” the statement reads, according to the reporting. Carbon capture and...
(Nairobi) – A company operating a gold mine in Ethiopia, Midroc Investment Group, and the Swiss refinery Argor-Heraeus that sourced its gold took no action over media reports about pollution from the mine for years, Human Rights Watch said today. An assessment carried out at the Ethiopian government’s request found that local residents had experienced serious health effects....
As the next host of COP28, scheduled for the end of 2023, the United Arab Emirates has become a mecca of international sanctions evasion, and both Russians and Syrians are taking advantage. From November 30 to December 12, 2023, the United Arab Emirates Confederation will host COP28. Not only is Dubai, which is considered a...
As the next host of COP28, scheduled for the end of 2023, the United Arab Emirates has become a mecca of international sanctions evasion, and both Russians and Syrians are taking advantage. From November 30 to December 12, 2023, the United Arab Emirates Confederation will host COP28. Not only is Dubai, which is considered a...