Despite 'Net Zero' Rhetoric, Biggest Banks Continue to Pour Billions into Fossil Fuels
Two of the top four financiers of fossil fuel extraction are JPMorgan Chase and Bank of America. They both have a significant presence in southern New England.
Stay updated with breaking news from Rainforest Action. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Two of the top four financiers of fossil fuel extraction are JPMorgan Chase and Bank of America. They both have a significant presence in southern New England.
We discover the rainforest is incredibly important for Earth, but it's disappearing fast
Granted it’s still early in 2022, but signs are emerging that the amount of financing going to coal-related projects is running at a rate that’s more than double last year’s pace. With the first quarter coming to a close, banks (mostly based in China) have helped coal companies raise $9.9 billion via…
While the biggest chunk of the coal money is being accumulated for Chinese endeavors, the increase nevertheless runs counter to all the global banking sector chatter about the fossil fuel.
<strong>Michael Shellenberger</strong> | I’d like to formally apologise for the climate scare we created.