Greenpeace protests ECB's loans for carbon-heavy industries
Source: AP
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.”
An activist of environmental organization Greenpeace flies with a motorized paraglider past the European Central Bank in Frankfurt, Germany, Wednesday, March 10, 2021. Two activists landed on the roof of a side building and unrolled a banner to protest against the ECB's climate policy. (AP Photo/Michael Probst)
Two activist of environmental organization Greenpeace have unrolled a banner on a roof of a side building of the European Central Bank in Frankfurt, Germany, Wednesday, March 10, 2021. Thed activists landed on the roof with paraglider and protested against the ECB's climate policy. (AP Photo/Michael Probst)
Read more: https://apnews.com/article/europe-climate-climate-change-environment-germany-50b570632c8c5172ea03fc3848501e9f
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