PRB Banks Responsible For US$1.25 Trillion In Climate-Destructive Financing
PRB banks responsible for over US$1.25 trillion in climate-destructive financing since Paris AgreementQ2 2020 hedge fund letters, conferences and morePRB Banks Are Far From Their Stated GoalsSan Francisco, CA - As the UN Principles for Responsible Banking (PRB) marks its one-year anniversary, a review of signatory banks’ financing shows that PRB banks are far from their stated goals. Twenty PRB banks alone are responsible for over US$1.2 trillion in loans and underwriting to fossil fuels from 2016-2019 and are among the largest global financiers of fossil fuels, and the 20 PRB banks most expos...