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Green Climate Fund Must Say No to Partnerships with HSBC, Crédit Agricole


#1

Green Climate Fund Must Say No to Partnerships with HSBC, Crédit Agricole

SONGDO, SOUTH KOREA - The Green Climate Fund must not channel its money through two scandal-ridden international commercial banks that are leading funders of the coal industry, say civil society groups at a meeting of the GCF’s Board in Songdo, South Korea.

The groups say that the GCF must reject applications for accreditation by big banks HSBC and Crédit Agricole. Accredited entities are institutions approved to receive and manage GCF funds.

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#2

Funny how these seemingly benevolent elite schemes always have some diseased insect in the ointment, isn't it just?