Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Business
Nature
ABN Amro
ASN Bank
Eerlijke Bankwijzer
energy investments
Fair Bank Guide
fossil fuels
ING
NIBC Holding
Rabobank
renewable energy
Triodos
Thursday, November 5, 2015 - 09:36
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Report: Dutch banks invested $27 billion in fossil fuels

Dutch banks invested a massive 27 billion dollars in fossil fuel companies over the past five years. This accounts for 77 percent of the total investments in energy. This is according to research done by the Eerlijke Bankwijzer, the Fair Bank Guide, RTL Nieuws reports. ING is responsible for as much as 25 billion dollars of the total investments in environmentally unfriendly energy sources. In a response the bank stated that oil and gas are stillimportant energy sources for the time being. "We therefore still finance fossil fuel extraction to provide Dutch and foreign households with the necessary energy", the bank said according to RTL. ING also invested 3 billion dollars into renewable energy, which in absolute terms is also the highest of all banks. But according to the Fair bank guide, it stands in no relation to the eight times larger investments in climate-unfriendly sources. "The dramatic effects of climate change are already visible. ING also already knows what needs to happen now, but nevertheless continues to invest heavily", Evert Hassink, spokesperson for the guide, said to RTL. Over the past year Rabobank invested about the same amount -1.9 billion dollars - on fossil fuels and renewable energy. ABN Amro invested 209 million in renewable energy and 600 million in gray fuels. ASN Bank, Triodos Bank and NIBC Holding all only invested in renewable energy.

Follow us:

Latest stories

  • Sixteen cases of South Africa Covid strain in Gorinchem outbreak
  • Acute care leader: "Race against time" against 3rd coronavirus wave; Covid hospital total stable
  • NL provides extra support for girls’ education in developing countries
  • Rijksmuseum puts female artists in Honor Gallery for first time ever
  • Left-wing politics needed to make Netherlands fairer: Labour party leader
  • Dutch gov't wants Covid passport to give immune people more freedom

Top Stories

  • Acute care leader: "Race against time" against 3rd coronavirus wave; Covid hospital total stable
  • Proof of negative test results could help reopen NL faster: Covid think tank
  • 28 arrested at anti-lockdown protest in Amsterdam
  • Netherlands extending travel alerts to April 15; Child swim lessons to restart soon: Reports
  • Infections down 2 percent for the calendar week; hospitalizations stay the same
  • Virologist says he sees merit in opening terraces if it is well regulated

© 2012-2021 NLTimes.nl, All rights reserved.

Footer menu

  • Privacy
  • Contact