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Truthout
@truthout.org

A new report found that the 65 biggest banks globally committed a whopping $869 billion to companies conducting business in fossil fuels in 2024, representing a huge $162 billion increase from 2023, all while pulling back from previously stated climate commitments.

truthout.orgBank CEOs Rake In Big Profits as Wall Street Ramps Up Fossil Fuel FinancingThe 65 biggest banks committed $869 billion to firms expanding the fossil fuel industry last year, a new report says.

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Francesca in Canada
@francesca55.bsky.social

Scientists says we are already well past PEAK oil, which means we have removed more than half the oil & gas in the ground over the last century since oil was discovered. I'd be curious to know how the American businesses and banks will cope when the oil & gas wells do run dry, and the cars...