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#FossilFinance

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Lucomo<p>"Banks pumped more than $150bn last year into companies whose … projects could destroy the last chance of stopping the planet heating to dangerous levels</p><p>… 425 extraction projects that …cumulatively hold enough coal, oil and gas to burn through the rapidly dwindling carbon budget four times over."</p><p><a href="https://www.theguardian.com/environment/2023/oct/31/banks-pumped-more-than-150bn-in-to-companies-running-carbon-bomb-projects-in-2022" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theguardian.com/environment/20</span><span class="invisible">23/oct/31/banks-pumped-more-than-150bn-in-to-companies-running-carbon-bomb-projects-in-2022</span></a></p><p>via <a href="https://www.carbonbrief.org/daily-brief/carbon-emissions-threaten-1-5c-climate-threshold-sooner-than-thought-report/#singlebrief5" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">carbonbrief.org/daily-brief/ca</span><span class="invisible">rbon-emissions-threaten-1-5c-climate-threshold-sooner-than-thought-report/#singlebrief5</span></a></p><p><a href="https://social.anoxinon.de/tags/FossilFinance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FossilFinance</span></a> <a href="https://social.anoxinon.de/tags/ClimateCrisis" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateCrisis</span></a> <a href="https://social.anoxinon.de/tags/JPMorganChase" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>JPMorganChase</span></a> <a href="https://social.anoxinon.de/tags/Citi" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Citi</span></a> <a href="https://social.anoxinon.de/tags/BankOfAmerica" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BankOfAmerica</span></a> <a href="https://social.anoxinon.de/tags/ICBC" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ICBC</span></a> <a href="https://social.anoxinon.de/tags/BNPParisbas" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BNPParisbas</span></a> <a href="https://social.anoxinon.de/tags/BankOfChina" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BankOfChina</span></a> <a href="https://social.anoxinon.de/tags/WellsFargo" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WellsFargo</span></a> <a href="https://social.anoxinon.de/tags/HSBC" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>HSBC</span></a> <a href="https://social.anoxinon.de/tags/Barclays" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Barclays</span></a> <a href="https://social.anoxinon.de/tags/IndustrialBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>IndustrialBank</span></a></p>
Lucomo<p>"Saudi Arabia, Russia urge World Bank to keep funding fossil fuels</p><p>Major oil and gas producers hit back at World Bank reforms that aim to channel more money into clean energy"</p><p><a href="https://www.climatechangenews.com/2023/10/12/saudi-arabia-russia-urge-world-bank-to-keep-funding-fossil-fuels/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">climatechangenews.com/2023/10/</span><span class="invisible">12/saudi-arabia-russia-urge-world-bank-to-keep-funding-fossil-fuels/</span></a></p><p><a href="https://social.anoxinon.de/tags/FossilFinance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FossilFinance</span></a> <a href="https://social.anoxinon.de/tags/SaudiArabia" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SaudiArabia</span></a> <a href="https://social.anoxinon.de/tags/Russia" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Russia</span></a> <a href="https://social.anoxinon.de/tags/WorldBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WorldBank</span></a></p>
Eric Smit<p><a href="https://www.ftm.nl/artikelen/ggii-2-fossil-finance-biljoen-fossiele-obligaties-ing-abn-amro?utm_campaign=Eric-Smit&amp;utm_source=article&amp;utm_medium=link&amp;share=KhHFdVwIroj4iKW5Ki5p3FgYY4B%2BskObxKrf6Y%2F%2FLoKgyzgsSF%2FSUebs9Q%3D%3D" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ftm.nl/artikelen/ggii-2-fossil</span><span class="invisible">-finance-biljoen-fossiele-obligaties-ing-abn-amro?utm_campaign=Eric-Smit&amp;utm_source=article&amp;utm_medium=link&amp;share=KhHFdVwIroj4iKW5Ki5p3FgYY4B%2BskObxKrf6Y%2F%2FLoKgyzgsSF%2FSUebs9Q%3D%3D</span></a></p><p>ING en ABN Amro beloofden ‘ambitieuze klimaatactie’ om de hele economie in 2050 klimaatneutraal te maken. Maar ING hielp de fossiele industrie sinds de ondertekening van het Klimaatakkoord van Parijs aan 83,2 miljard euro, ABN Amro: 42,4 miljard. In totaal werd in Europa werd voor meer dan een biljoen euro aan fossiele obligaties op de markt gebracht <a href="https://mastodon.social/tags/FossilFinance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FossilFinance</span></a></p>
Lucomo<p>"Mainstream economists accused of playing down climate threat …</p><p>'What economists have done is say that climate change is a cat in the bush, not a tiger'</p><p>… if investors’ expectations don’t catch up with the physical climate science in an orderly manner, then they will do it in an 'unpleasant, abrupt and wealth-destroying' way."</p><p><a href="https://www.climatechangenews.com/2023/08/08/economics-climate-threat-models/" rel="nofollow noopener" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">climatechangenews.com/2023/08/</span><span class="invisible">08/economics-climate-threat-models/</span></a></p><p><a href="https://social.anoxinon.de/tags/FossilFinance" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FossilFinance</span></a> <a href="https://social.anoxinon.de/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Economy</span></a> <a href="https://social.anoxinon.de/tags/ClimateCrisis" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ClimateCrisis</span></a></p>