+- +-


Welcome, Guest.
Please login or register.
Forgot your password?

+-Stats ezBlock

Total Members: 51
New This Month: 0
New This Week: 0
New Today: 0
Total Posts: 14377
Total Topics: 264
Most Online Today: 1
Most Online Ever: 137
(April 21, 2019, 04:54:01 am)
Users Online
Members: 0
Guests: 3
Total: 3

Author Topic: Fossil Fuels: Degraded Democracy and Profit Over Planet Pollution  (Read 13524 times)

0 Members and 0 Guests are viewing this topic.


  • Administrator
  • Hero Member
  • *****
  • Posts: 31334
  • Location: Colchester, Vermont
    • Renwable Revolution

#Sludge Report ó Who 👹💵🎩 Is Funding The 🦖 Fossil Fuel 😈 Industry?

October 17th, 2019 by Steve Hanley


Other top financiers of fossil fuel companies include Citigroup, Bank of America, and Wells Fargo. In all, 33 financial institutions provided approximately $1.9 trillion in funding to the  fossil fuel sector between 2016 and 2018. The analysis was done for The Guardian by Rainforest Action Network, a US-based environmental organization using Bloomberg financial data and publicly available company disclosures.

The figures show Wells Fargo, JPMorgan Chase, and Bank of America ponied up about $80 billion to finance fracking operations in the Permian basin in Texas over the past three years.  The financing of the tar sands crude oil projects in Alberta, Canada, is dominated by Canadian banks, led by the Royal Bank of Canada and Toronto Dominion. The big four state-owned Chinese banks, which have no fossil fuel financing policies, have dominated services for coal mining and coal generating plants since 2016.

Asked to comment on the findings, JPMorgan Chase offered a typically mealy-mouthed, weasel-worded response, saying it recognizes the complexity of climate change and is actively engaging with all stakeholders on the issue. Isnít that like saying we will continue to help and pillage the Earth until someone forces us to stop?

Full article

Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12


+-Recent Topics

🚩 Global Climate Chaos ☠️ by AGelbert
December 07, 2019, 11:02:48 pm

🦕🦖 Hydrocarbon 🐍 Hellspawn Mens Rea Actus Reus modus operandi by AGelbert
December 07, 2019, 10:02:35 pm

2020 Presidential Election by AGelbert
December 07, 2019, 09:46:13 pm

December 07, 2019, 09:27:57 pm

Comic Relief by AGelbert
December 07, 2019, 06:44:45 pm

Doomstead Diner Daily by AGelbert
December 07, 2019, 03:57:10 pm

BREXIT by AGelbert
December 07, 2019, 02:25:56 pm

Money by AGelbert
December 07, 2019, 12:39:48 am

Corruption in Government by AGelbert
December 06, 2019, 10:39:41 pm

Homebody Handy Hints by AGelbert
December 06, 2019, 03:24:18 pm