Indigenous, Environmental, And Climate Justice Groups Rally Outside Equator Principles Meeting, Demand Stronger Commitments
Despite global standards, world’s biggest banks continue to fund environmentally damaging projects that disregard Indigenous communities’ rights to Free, Prior and Informed Consent
Dov Gertzulin's DG Capital has had a rough start to the year. According to a copy of the firm's second-quarter investor update, which highlights the performance figures for its two main strategies, the flagship value strategy and the concentrated strategy, during the first half of 2022, both funds have underperformed their benchmarks this year. The Read More
What: This week in Washington, major global banks are meeting to revise the Equator Principles, industry-led due diligence standards that should prevent banks from supporting environmentally and socially harmful projects. At the same time, some of those same banks are re-upping their support for Enbridge, the Canadian company behind the Line 3 tar sands pipeline, which violates Indigenous rights and is flatly incompatible with the goals of the Paris climate agreement. Banks renewing their support for Enbridge comes on the heels of the publication of a landmark U.N. report showing the desperate urgency of taking concrete steps to tackle the climate crisis.