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December 03, 2016

The New York Times: How Big Banks Are Putting Rain Forests in Peril

“The allocation of finance is so influential in our economy and to our environment,” said Tom Picken of the Rainforest Action Network. “But there’s little way we can hold financial sectors to account.” (read more)



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  • TeamFollowBack
    commented 2016-12-22 07:23:18 -0800
    Deforestation — and the fires that frequently accompany it — also generates one-tenth of total global warming emissions, making forestry loss one of the biggest single contributors to global warming, according to the Union of Concerned Scientists.

    “Destroying the world’s forests makes fighting climate change almost impossible,” said Andrew W. Mitchell, executive director of the Global Canopy Programme, a forestry think tank. “The finance sector is really lagging behind in realizing that.”