Reported about 8 hours ago
An investigation reveals that major corporations, including Drax and Enbridge, are leveraging billions in sustainability-linked loans (SLLs) from major banks with minimal accountability for their environmental practices. These loans, aimed at improving company reputations rather than guaranteeing real sustainability efforts, have enabled companies to expand their harmful operations while claiming environmental progress. Critics argue that these financial practices are instances of greenwashing, as companies often report reduced emissions intensity but neglect to address overall emissions, potentially undermining genuine climate action.
Source: YAHOO