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Switching your bank might help slow the climate crisis

Switching your bank might help slow the climate crisis Ula Chrobak © Provided by Popular Science Your money is small to any given bank, but if everyone made greener choices it would make an impact. This is part one of our two-part guide to greener finance. Check out part two, all about your retirement account, . Fossil fuel companies rely to a surprising extent on funding from banks funding that comes, in part, from ordinary people’s bank accounts. And that means the bank you choose helps determine if those big energy companies can get financing. That’s the argument increasingly put forth by climate scientists and activists looking to put an end to the continued extraction of coal, oil, and natural gas. One way to do that is to put pressure on the big banks that make those operations possible in the first place.

Oil, Gas, And Fracking News Reads: 20December 2020

The natural gas storage report from the EIA for the week ending December 11th indicated that the quantity of natural gas held in underground storage in the US had decreased by 122 billion cubic feet to 3,726 billion cubic feet by the end of the week, which left our gas supplies 284 billion cubic feet, or still 8.3% higher than the 3,442 billion cubic feet that were in storage on December 11th of last year, and 243 billion cubic feet, or 7.0% above the five-year average of 3,483 billion cubic feet of natural gas that have been in storage as of the 11th of December in recent years..the 122 billion cubic feet that were drawn out of US natural gas storage this week was less than the average forecast from an S&P Global Platts survey of analysts who had expected a 127 billion cubic foot withdrawal, but was higher than the average withdrawal of 105 billion cubic feet of natural gas that have typically been pulled out of natural gas storage during the same week over the past 5 years, and the

AMAZON WATCH » What Do You Get When You Beat Chevron in Court? 500 Days of Home Detention

December 22, 2020 Paul Paz y Miño As my physical world has shrunk, the online world has expanded by multiples of thousands. And once I get through this, I have no doubt that Chevron will be paying this judgment such that thousands of Indigenous people and rural communities will have a clean environment and thousands of lives will be saved. That s what this is ultimately about. Steven Donziger What do you get when you beat Chevron in court? 500 days of home detention. Chevron has once again failed to greenwash its dirty reputation. This year, it even went as far as attempting to deny history claiming its human rights policy reflects the expectations we have of our employees, suppliers, and business partners to respect human rights. The corporate behemoth s attempts to clean-up its image are just motivating climate activists to swarm social media and call out the company for its pollution and numerous rights violations.

Biden must make climate central to his export and development agency picks

Biden must make climate central to his export and development agency picks Biden must make climate central to his export and development agency picks December 21, 2020  – 52 non-governmental organizations sent a  letterestablishing criteria for the Biden Administration to select candidates at export and development finance agencies. The signatories to the letter include Friends of the Earth U.S., Greenpeace USA, Rainforest Action Network, and the Center for Biological Diversity.  The U.S. can and must provide international leadership through its overseas financing agencies, including the U.S. Export-Import Bank (EXIM), U.S. International Development Finance Corporation (DFC), Millennium Challenge Corporation (MCC), and U.S. Trade and Development Agency (USTDA). The letter demands that the U.S. emulate the United Kingdom’s recent announcement that it will end its support for overseas fossil fuel projects.  

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