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Banks use your deposits to loan money to fossil-fuel, emissions-heavy firms

13 pointsby ivanmaederover 1 year ago

4 comments

NBJackover 1 year ago
Is this really news?<p>Banks have been investing money held for decades, at least in the US.<p>A nothing-burger for a slow news week? Perhaps an opportunity for &quot;ethically sourced&quot; interest payments?
TheCryptoBroover 1 year ago
Investments are made wherever there are the highest returns. If you want banks to change investment strategies, then develop the industries where you want them to reroute. It&#x27;s the business of money. Whatever does best will always demand the most capital.
toomuchtodoover 1 year ago
An opportunity for Bank Rank to classify by climate impact?<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=38875510">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=38875510</a><p><a href="https:&#x2F;&#x2F;github.com&#x2F;project-bankrank&#x2F;bankrank">https:&#x2F;&#x2F;github.com&#x2F;project-bankrank&#x2F;bankrank</a>
mistrial9over 1 year ago
here in the USA, I believe that this mass-appeal effort to switch banks can be very effective