Live Oak Bank
Your bank falls short in climate responsibility.
Live Oak Bank does not provide sufficient disclosure for us to conclude that it does not finance fossil fuel projects or companies. We know that it does fund solar power generation but the extent of this vs any fossil fuel financing is not clear.
We encourage the bank to measure the greenhouse gas emissions enabled by its lending, set science-based targets to reduce those emissions, and establish a clear policy prohibiting lending to fossil fuel companies.
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Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
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