6 research outputs found

    Shorting the Climate: Fossil Fuel Finance Report Card 2016

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    This seventh annual report card on energy financing evaluates top global private sector banks based on their financing for the fossil fuel industry. For 2016, the report has been expanded to high-risk subsectors of the oil and gas industry. It also analyzes patterns of private bank financing for coal, oil, and gas projects that have been financially disastrous and inflicted severe damage on communities, ecosystems, and the climate. The report identifies pervasive risk management failures across the North American and European banking sector on fossil fuel financing and calls for a fundamental realignment of bank energy financing to end support for fossil fuel projects and companies that are incompatible with climate stabilization.In the past three years, the North American and European commercial and investment banking sector has engaged in fossil fuel financing practices that are deeply at odds with the global climate agreement reached at COP 21 last December. The Paris Climate Agreement's target of limiting warming to 1.5°C (or, at most, 2°C) above pre-industrial levels will require a rapid decarbonization of the global energy system. Distressingly, levels of fossil fuel financing by major North American and European banks between 2013 and 2015 are incompatible with these climate stabilization targets:Coal mining - As leaders of climate-vulnerable states called for a global moratorium on new coal mines, top banks financed 42.39billionforcompaniesactiveincoalmining,ledbyDeutscheBankwith42.39 billion for companies active in coal mining, led by Deutsche Bank with 6.73 billion.Coal power - In spite of a recent study concluding that the current pipeline of planned coal power plants would put the 2°C climate target out of reach by the end of 2017, these banks financed 154billionfortopoperatorsofcoalpowerplants,ledbyCitigroupwith154 billion for top operators of coal power plants, led by Citigroup with 24.06 billion.Extreme oil (Arctic, tar sands, and ultra-deep offshore) - Future development of most of these high-cost, highrisk oil reserves is incompatible with even the 2°C target, but banks financed 307billionforthetopownersoftheworld′suntapped"extremeoil"reserves,ledbyJPMorganChasewith307 billion for the top owners of the world's untapped "extreme oil" reserves, led by JPMorgan Chase with 37.77 billion.Liquefied Natural Gas (LNG) export - Banks financed 283billion,ledbyJPMorganChasewith283 billion, led by JPMorgan Chase with 30.58 billion, for companies involved with LNG export terminals in North America, which have enormous carbon footprints and are stranded assets in the making based on a 2°C climate scenario.Under pressure from global civil society, several U.S. and European banks have announced restrictions on financing for coal since last year. However, most of these policies fall well short of the necessary full phase-out of financing for coal mining and coal power production; as the report's grades for extreme oil and LNG export finance indicate, banks continue to finance these sectors on a nearly unrestricted basis. Banks also continue to fall distressingly short of their human rights obligations according to the United Nations Guiding Principles on Business and Human Rights, leaving banks complicit in human rights abuses by several of their corporate clients in the fossil fuel industry

    Oprations management : strategy and analysis, ed.5/ Ritzman

    No full text
    xxxii, 880 hal.: ill.; 28 cm

    Oprations management : strategy and analysis, ed.5/ Ritzman

    No full text
    xxxii, 880 hal.: ill.; 28 cm

    Oprations management : strategy and analysis, ed.5/ Ritzman

    No full text
    xxxii, 880 hal.: ill.; 28 cm

    Oprations management : strategy and analysis, ed.5/ Ritzman

    No full text
    xxxii, 880 hal.: ill.; 28 cm

    Oprations management : strategy and analysis, ed.5/ Ritzman

    No full text
    xxxii, 880 hal.: ill.; 28 cm
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