Big banks’ trillion-dollar finance for fossil fuels ‘shocking’, says report – The Guardian
The world’s biggest 60 banks have provided $3.8tn of financing for fossil fuel companies since the Paris climate deal in 2015, according to a report by a coalition of NGOs. Despite the Covid-19 pandemic cutting energy use, overall funding remains on an upward trend and the finance provided in 2020 was higher than in 2016 […]
Derivatives issuer ‘disappointed’ with FMA order on advertising – The National Business Review
A misleading advertisement popping up on the social media feed of a Financial Markets Authority staffer saw the regulator spring into action against a licensed derivatives issuer. But the company, Rockfort Markets, said it is disappointed by the action and did not intend to mislead anyone. The FMA today issued a direction order to Rockfort […]