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The report, titled Bankrolling Extinction, was produced by portfolio.earth, a new initiative by environmental, finance, and economics experts to learn more about the finance industry’s impact on climate change.
Prof Kai Chan of the Institute of Resources, Environment and Sustainability at the University of British Columbia explains that, currently, global banks sit at the center of a network of destruction, but with swift change, could find themselves at the center of a thriving sustainable economy.
“A global sustainable economy sits at the center of humanity’s much-needed transformation to meet the climate and ecological crises. And at the center of that sit the banks and the finance institutions whose investments power development around the globe,” he said.
Experts have found that investing in industries with sustainable practices could save trillions of dollars and offer net savings to governments and investors.
Chan dreams of a day where corporations and banks investin projects that will be a net benefit to humans, the environment, and the economy. “Imagine a world in which projects can only raise capital when they have demonstrated that they will contribute meaningfully and positively to restoring the planet’s bounty and a safe climate for all? That’s the future this report envisions and builds toward,” he said.
After a week of being on the loose in Houston, a 9-month-old tiger named India was found this weekend and appeared to be unharmed. India was spotted by a group of residents as he was prowling around a local neighborhood. As NBC News reported, India will be transported to the Cleveland Amory Black Beauty Ranch […]
by Minka Kelly, Actress and IFAW Global Ambassador As a Global Ambassador for the International Fund for Animal Welfare (IFAW), I’ve known for years that there are more tigers in captivity in the U.S. than remain free in the wild today. Hearing this stunning fact never fails to shock me. I’ve had the opportunity to […]
A coalition of environmental groups is urging the National Oceanic and Atmospheric Administration (NOAA) to set an 11.5 mph limit on shipping speeds in an 11,500 square mile stretch of water off the Gulf Coast of Florida and Alabama.
Why This Matters: Whales, despite operating at the top of their food chains, face mass casualties and mortal threats from human activity.
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