ENN, December 13, 2007
SINGAPORE (Reuters) - Banks are contributing to global warming by funding coal and oil exploration, and should adopt policies that cut their negative impact on the environment, according to a report by a network of NGOs. BankTrack, a grouping of civil society organizations and individuals tracking the financial sector, said banks should end support for all new coal, oil and gas extraction and delivery projects, new coal-fired power plants and the most harmful practices in other greenhouse-gas intensive sectors. Read more...
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