Global banks step up financing to companies behind deforestation
Banks have arranged more than 72 billion provided to the beef, palm oil, soy, rubber, timber and paper industries in the past 18 months, according to data compiled by Forests & Finance since the Paris Agreement was announced in 2015.“This is really showing that the financial sector isn’t aligning its financial flows with the objectives of the Paris Agreement,” said Stephanie Dowlen, one of the ...