ECB funds biodiversity loss – NGO report
Reclaim Finance urges central bank to stop purchasing bonds issued by fossil fuel firms
A non-governmental organisation has said the European Central Bank’s current practices are failing to address the damage that fossil fuel companies are inflicting upon biodiversity.
In a report published today (September 8), Reclaim Finance says the ECB, through its collateral framework and corporate investment portfolio, has fuelled biodiversity loss by supporting, albeit indirectly, fossil fuel companies’ operations. The NGO, which campaigns to decarbonise the finance industry, claims the
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