How mega-polluters tapped $286 billion in green loans

Shell, Enbridge, and Drax received discounted sustainability-linked loans (SLLs) from major banks, promising improved environmental practices. These SLLs, often lacking accountability, don't require spending towards sustainability targets. Over $286 billion in SLLs were issued to polluting industries. Critics highlight greenwashing risks and minimal real-world environmental impact. The loans often support projects that exacerbate emissions.