Carbon Offsets Daily

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INTERVIEW: Kevin Smith of PLATFORM – Unraveling the Carbon Web

Fossil fuels are the primary cause of climate change, which threatens catastrophic damages including massive sea-level rise, rising incidences of flood, drought and other extreme events, major water and food supply reductions, and the spread of disease.

INTERVIEW: Kevin Smith of PLATFORM - Unraveling the Carbon Web

PLATFORMs Unraveling the Carbon Web focus is to reduce the environmental and social impacts of oil and to support the transition to a more sustainable energy economy. We recently posted on a new report, Cashing in on Coal, that Unraveling the Carbon Web released and caught up with Kevin Smith of Platform to learn more.

What does Cashing in on Coal highlight?

The report highlights the role that private finance plays in pushing Read the rest of this entry »

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UK: Environmental Groups Condemn Banks for Supporting High Carbon Coal Projects

A report released by a group of environmentalists – Friends of the Earth Scotland, Platform and People and Planet has tarnished the green reputation of the Royal Bank of Scotland (RBS), Barclays and HSBC by bringing to light the fact that these financial institutions continue to undertake heavy investments in high carbon projects, including coal plants.

The report brings to the fore the inconsistency that plagues the actions of the banks, who on the one hand invest in renewable energy in a bid to better the environment but on the other , shell out huge loans to coal-related firms.

RBS argued that investing in coal projects gave the bank the opportunity to ensure that such projects adopt eco-friendly practices. However, Friends of the Earth were not satisfied :

“Arguing that you are pushing for firms to embrace carbon capture is not enough

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