Greenpeace protests ECB’s loans for carbon-heavy industries

FRANKFURT, Germany (AP) — Greenpeace activists landed on the roof of a European Central Bank building Wednesday to drop a banner protesting the financial institution’s loans policy, which climate activists say favors heavily polluting industries.

Activists used a powered paraglider to reach the roof of the reception building at the ECB’s Frankfurt headquarters before unfurling their banner reading “Stop funding climate killers.”

Greenpeace said that a recent study showed the bank gives companies that produce large amounts of greenhouse gases better risk ratings, while climate-friendly industries are burdened with a greater margin between the market value of their assets and the value ascribed to it by the ECB.

The environmental group accused the bank of “systematically undermining climate protection.”

The ECB confirmed the activists had landed on its roof and said police were called.

“Climate change is one of the greatest challenges faced by mankind this century,” the bank said. “The ECB is contributing to the response within its mandate as a central bank, acting in step with those responsible for climate policy.”

The ECB said it was “conducting a review of its strategy which includes an in-depth analysis of how to respond to the climate crisis across all ECB policy areas.”

The bank said earlier this year that it is setting up a dedicated unit to coordinate measures against climate change across its work.

———

Follow all AP stories on climate change at https://apnews.com/hub/climate.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Local News

‘We can do better’: Residents say not enough coastal protection in SW La.

Crime

Rash of school bus part thefts in Jeff Davis

Crime

Three LC men arrested in Bossier City robbery of Sulphur man

National News

War fears mount as US draws down Ukraine embassy presence

Local News

Living the Dream: Starks native advises others to ‘sieze every opportunity’

Local News

COVID closures continue to impact childcare providers

Local News

SW La. school lunch menus Jan. 24-28

Local News

Informer: No new mask mandate from governor

Local News

Calcasieu cleanup: Debris in drainage laterals being cleared

Jim Beam

Jim Beam column: What’s next for casting votes?

Local News

Andrew Gallien: Called to share the ‘love and knowledge of God’

Local News

SW La. students named to Northwestern State president’s list

Local News

Jeff Davis scales back on Elton Elementary renovations

Business

SW La. has been fostering budding entrepreneurs for decade

Local News

Calcasieu Police Jury votes on zoning requests

Crime

Deputies searching for driver in Moss Bluff hit-and-run

Local News

United Way of SW La. sheltering community members in area hotels

Crime

1/21: Calcasieu Parish Sheriff announces arrest list

Crime

Sulphur man accused of stealing $367,000 from nonprofit

Local News

Cassidy touts SW La. benefits of infrastructure bill

Local News

Hurst-Trahan: Job lets her focus on her passion – helping people

Local News

Jeff Davis School Board declares critical shortage for several positions

Local News

Below-freezing temperatures expected throughout weekend

Local News

Learn to Drive the Bus class scheduled for next week