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Banks continue funding fossil fuels despite global climate agreements

Nearly $7 trillion has been funneled to fossil fuel companies by major banks since the Paris climate agreement, intensifying the global climate crisis.

Damien Gayle reports for The Guardian.

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World Bank's climate reparations role draws criticism

The World Bank, known for its controversial history, now manages a climate reparations fund, sparking debate over its suitability for this role.

Naveena Sadasivam and Lylla Younes report for Grist.

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Who is pledging climate finance at COP28, and how much?

At this year's U.N. climate summit, countries, development institutions and businesses are pledging more money for everything from the energy transition to health care initiatives, technology investments, disaster relief and more.

Canadian Museum of Nature rethinks its relationship with Enbridge

The Canadian Museum of Nature is reevaluating its fundraising policy, particularly concerning fossil fuel funding, amidst internal discussions and a change in leadership, as it seeks to align sponsors' values with its conservation goals.

Offshore wind’s bizarre global problem

Orsted’s cancellation of two big New Jersey wind projects raises questions about the way the Biden administration is approaching renewable energy.
Newsletter

‘Take it or leave it’: Acrimony flares amid tenuous agreement on climate aid

Negotiators struck a fragile agreement Saturday over the outlines of an international fund for climate-ravaged countries after hours of acrimonious haggling foreshadowed likely divisions at the global climate talks later this month.

Developing countries need more money to protect themselves from climate change

To adapt to the threats developing countries are facing from climate change, the United Nations says they'll need at least 10 times more money than the public funding they received in 2021.
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