Climate News Network

Banks put a price on Earth’s life support

A group of large banks are planning to cut credit to companies which exploit clean water, forest cover and other natural resources without putting a financial value on them.

Climate action 'could halve energy firms' worth'

Major international energy companies stand to lose around half their net worth if serious action is taken to tackle climate change, says a study by the world’s second-largest bank, because the market for their products will shrink significantly.