How mega-polluters take advantage of billions in green loans

Banks face scrutiny for green loans to major polluters

Banks have issued billions in "sustainability-linked loans" to polluting companies, but critics argue that the loans lack transparency and fail to ensure meaningful environmental improvements.Sasha Chavkin reports for The Examination.In short:Major banks have issued over $286 billion in discounted l...

Amid years of pollution violations in the Deep South, Drax received over $700 million in ‘green’ loans

By Alex Rozier, Mississippi Today Drax, the British owner of wood pellet plants in Mississippi and Louisiana that has paid millions in fines and settlements for violating state pollution laws in recent years, has received at least $762 million in “green” loans during that same period, an investigation by The Examination, The Toronto Star and Mississippi Today found.  The energy company ships out wood pellets made in North America for other count…

How Big Oil takes advantage of billions in green loans

Shell got one. So did the pipeline company Enbridge. And last summer, energy giant Drax got its biggest one to date, worth more than half a billion dollars.These weren’t just any loans to massive corporations. They were made by some of the world’s largest banks at discounted rates, in exchange for commitments by each of these mega-polluting companies to improve their environmental practices.That may sound like a typical “green” loan. But these “…

How mega-polluters take advantage of billions in green loans

Some of the world’s biggest polluters are reaping billions of dollars through a lax form of green finance, a new investigation by The Examination has found. Banks made $286 billion

A UK energy company received $762M in ‘green loans’ despite years of pollution violations in the South

Drax’s facilities in Mississippi have been fined millions of dollars for violating state pollution loans.

US Announces Nearly $23 Billion in Loans to Energy Utilities Across 12 States

The U.S. Energy Department's loan office announced $22.92 billion in conditional financing for several energy utilities across a dozen states.