31 May '14, 1pm

Some banks stop funding mountain top removal: Livingo on Earth @RAN log oldgrowth

Some banks stop funding mountain top removal: Livingo on Earth @RAN log oldgrowth

Barclays is aware of the sensitivities around the practice of mountain-top removal. This is specifically highlighted in our guidance to the business with reference to the mining sector and we have not provided finance to any entity for the specific purpose of mountain top removal. We have environmental lending policies and practices that have been in place for many years in support of our commitment to understanding the environmental and social risks associated with our lending activities. We aim always to take a responsible approach and give careful consideration to such impacts before decisions are approved. When we are asked to finance a specific development project, we apply the Equator Principles – detailed environmental and social criteria applicable to project finance transactions covering issues including local community consultation, the impact on indigenous peopl...

Full article: http://www.loe.org/shows/segments.html?programID=14-P13-0...

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