Climate warning
Image of Julien
Julien

93 w

Image of Bank of America

Bank of America

Climate warning

82% of board members in the US largest banks have past or present ties with fossil fuel businesses

Climate Change is real and the world already has the solutions at hand to fight it. One thing is still missing though: the level of investment in renewable energy across the world is increasing, but it is not nearly as high as it needs to be. Why aren't the banks investing in what is clearly the right solution both from a business and planet point of view ? The solution seems, sadly, obvious: corruption and conflicts of interest in the world's top banks.
New analysis shows that 82% of board members in the top 6 largest banks in the US have past or present ties with polluting companies, largely oil and coal producers, with Bank of America being the most conflicted.
Source:
https://www.desmog.com/2023/05/12/four-fifths-of-board-members-at-americas-top-six-banks-are-climate-conflicted/



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Do you agree?

116 more agrees trigger scaled up advertising

  • George Kariuki

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    93 w

    It is essential for banks to align their investment strategies with the urgent need to mitigate climate change and support sustainable solutions.

    7
    • Evangeline Wanjiru

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      93 w

      This is not acceptable

      7
      • Joseph Githinji

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        93 w

        This is a disappointing report, this must be stopped immediately.

        7
        • We Don't Have Time

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          93 w

          Dear Julien Thank you for getting your climate warning to level 2! We have reached out to Bank of America and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

          7
          • Tabitha Kimani

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            93 w

            This is the case everywhere but that is changing now as transition gains great momentum than before.

            12
            • Daniel Waweru

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              93 w

              It is such actions that pull us back from saving our planet

              20
            • Andy Kadir-Buxton

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              93 w

              If you have £1 million in the bank, due to their massive investment in fossil fuels, you can do more for the environment by moving it to an environmentally friendly bank than dropping your carbon footprint to zero.

              22

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