Banks, insurers and asset managers have made bold climate commitments in response to pressure from their customers and investors. The shift towards a low-carbon economy will not happen until they back up those words with decisive action.
The vast majority of financial institutions continue to provide essential finance and support to the expansion of fossil fuel production—despite the International Energy Agency’s finding that there should be no investment in new oil and gas infrastructure if the world is to keep within 1.5 degrees of global warming.
Working for The Bureau of Investigative Journalism, Josephine Moulds collaborates with journalists across the globe to highlight new fossil fuel infrastructure that will destroy areas rich in wildlife, create devastating pollution, and lock the world into fossil fuels for decades to come. Using her experience as a financial journalist, she exposes the gulf between what institutions say they are doing on climate and their ongoing activities fueling the climate crisis.