banks
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World’s Biggest Banks Signed a ‘Net Zero’ Pledge — LOL
The world’s most powerful banks have funded fossil fuel projects to the tune of $US4.6 ($6) trillion in the six years since the Paris Agreement, a new report from a group of NGOs finds. A quarter of that funding comes from just four U.S. banks — JPMorgan Chase, Citi, Wells Fargo, and Bank of America…
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Ozy Media’s Lies Made It Go Up in Flames
The weeklong soap opera starring Ozy Media came to a dramatic finish on Friday when the media outlet announced it was shutting down. Ozy’s finale unfolded in only five days and was fuelled by its own lies and misrepresentations. Nonetheless, one question remains: Why did it take so long for the company’s deceptions to reach…
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Morgan Stanley Is First U.S. Bank to Measure How Dirty Its Investments Are
Fossil fuels are increasingly an unattractive investment. On Monday, Politico reported that Morgan Stanley will be the first U.S. bank to begin disclosing how much its fossil fuel loans investments contribute to climate change. This is only the latest in a string of decisions banks have made around the oil and gas industry.
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Big Banks’ Latest Plan To Kill The Climate Is Taking Over Failing Oil And Gas Companies
Before the coronavirus, the American oil and gas industry was struggling to keep its profits up. The pandemic exacerbated that, and now it’s doing way, way worse. Companies heavily dependent on fracking in Texas and Wyoming could go belly up.