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Report links world’s top banks to social & environmental harms from mining
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Report links world’s top banks to social & environmental harms from mining
A new Forests and Finance Coalition report finds top financial institutions, including JPMorgan Chase, Bank of America and BlackRock, support mining companies linked to deforestation, land-grabs, contamination and Indigenous rights violations. According to the report, from 2016-24, major banks provided $493 billion in loans and underwriting to mining companies, including Glencore, Rio Tinto and Vale. As of June 2025, investors held $289 billion …
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