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1、 FOSSIL FUEL FINANCE REPORT 2020 CLIMATE CHANGE Banking on The organizations authoring the latest edition of this annual report want to acknowledge the extraordinary circumstances of this moment, given the terrible impacts of COVID-19 on lives, health, and livelihoods for people around the world. As
2、 we write, the urgent need to respond to the pandemic and resultant economic impact is rightly taking priority, and may do so for some time. However, climate change remains an existential threat that, like the coronavirus, will require unprecedented global action in solidarity with those most vulner
3、able. We believe that the data and analysis in this report will prove useful in addressing that threat with the seriousness that it deserves. March 18, 2020 Executive Summary Introduction Banking on Fossil Fuels League Table Key Findings MAP: Case Studies Tar Sands: Line 3 Pipeline Tar Sands: Tecks
4、Frontier Mine Arctic: Arctic National Wildlife Refuge Offshore: Guyana Fracking: Wink to Webster Pipeline Fracking: Vaca Muerta LNG: Rio Grande LNG, Texas LNG, and Annova LNG Coal Mining: Turw Mine Coal Power: Payra Port Expansion: Amazon Oil Climate Impact: Miami Policy Scores Summary Overall Oil y
5、et funding for top coal power producers is not dropping rapidly enough. Financing is led by ICBC and Bank of China, with Citi as the top non-Chinese banker of coal power. This report maps out case studies where bank financing for fossil fuels has real impact on communities from a planned coal mine e
6、xpansion in Poland, to fracking in Argentina, to LNG terminals proposed for South Texas. Short essays throughout highlight additional key topics, such as the need for banks to measure and phase out their climate impact (not just risk) and what Paris alignment means for banks. Traditional Indigenous