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Check if your bank is funding the fossil fuel industry

25 pointsby shadowfaxRodeoalmost 4 years ago

5 comments

d_theoristalmost 4 years ago
This comment will probably be heavily downvoted, but I don't think this sort of thing is helpful at all. Our civilisation is extremely dependent on fossil fuels. Without this industry we would be unable to adequately feed ourselves, heat our homes, and continue with civilisation as we know it. No responsible person would want to end this industry today, so why are we demonising everything and everybody connected with it? We need to help these companies transition rather than creating a castigated out grouping that nobody is allowed to be associated with on pain of excommunication.
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_zfxralmost 4 years ago
This is silly. Not only will we still need fossil fuels during and after any transition, Banks don't even loan "your money" out. Silly.
VSergealmost 4 years ago
This is interesting not only to check if your bank is funding the fossil fuel industry, but more importantly to find out if another bank in your country is funding ecological transition projects. Just knowing can feel hollow, actually finding ways to act seems more satisfying.
mkriivalmost 4 years ago
Great! However this doesn’t consider ownership. For example, in Australia 86400 is rated as great, but is owned by NAB who is the #4 biggest funder.
Bostonianalmost 4 years ago
I have an oil furnace and two gasoline-powered cars, as do tens of millions of Americans, and I hope my bank is funding businesses based on their solvency, not a political agenda. The people who want to eliminate fossil fuels should read a book such as Bjorn Lomborg's "False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet" (2020).
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