Finance Media Monitor | 8.08.23



Barclays classified a $10 billion revolving credit facility for Shell as “social and environmental financing,” helping Barclays reach its $150 billion sustainable financing goal. Regulators are concerned that these climate commitments are a dishonest attempt to continue funding fossil fuels, even if Shell’s borrowing is eligible due to roundabout fees and interest rates linked to carbon intensity reduction. These concerns are part of larger worries that without scientific, legible standards for sustainability metrics, financial institutions risk false marketing and greenwashing.





  • Beau O’Sullivan tweeted: @Shell has massive plans to expand oil & gas, and has nulled any semblance of climate plan it had. But it still qualifies for huge funding from @Barclays and the bank gets to call it green! Beyond a joke. @TheFCA @bankofengland need to rein in these cowboys. Stop the greenwash!
  • Positive Money US shared a TikTok: PART 1: Your bank may be talking the talk on climate – but don’t be fooled. US banks only care about profit, not people & planet. 🌎 They’re gambling on dirty energy putting our communities and the stability of our entire economy at risk. So where are the bank watchdogs, the regulators that are supposed to do something about this? Thats where the Federal Reserve comes in. We’re working to make sure the Fed reins in Wall Street.
  • Steven Rothstein shared a link: New research from @CeresNews, @SustInsti, and @Persefoni shows that U.S. insurers have significant exposure to fossil fuel assets, despite citing climate risk and natural disasters as factors in raising premiums and dropping coverage. Learn more @naic 


  • August 23-25: Global Research Alliance on Sustainable Finance and Investment 2023 Annual Conference. Register here
  • August 24-26: The Federal Reserve Bank of Kansas City 2023 Economic Policy Symposium “Structural Shifts in the Global Economy.” 
  • September 17-24: Climate Group Climate Week NYC. View list of events here
  • September 20: UN Climate Ambition Summit.