Climate love
Image of Markus Lutteman
Markus Lutteman

62 w

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Image of TheGuardian.com

TheGuardian.com

Climate love

For exposing banks that fund "carbon bombs"

Last year, banks ”pumped more than $150bn into companies whose giant “carbon bomb” projects could destroy the last chance of stopping the planet heating to dangerous levels”, writes The Guardian in its extensive investigation on destructive financing.
According to The Guardian, these carbon bombs ”cumulatively hold enough coal, oil and gas to burn through the rapidly dwindling carbon budget four times over. ” Please read and spread this important investigative reporting in your networks. Oh, and if you have money in one of these banks, please consider placing it somewhere else.
Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022

Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022

Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banks

https://www.theguardian.com/environment/2023/oct/31/banks-pumped-more-than-150bn-in-to-companies-running-carbon-bomb-projects-in-2022




Barclays and HSBC are two of the banks that funded ‘carbon bomb’ projects between 2016 and 2022.  Photo by Joshua Lawrence on Unsplash
Barclays and HSBC are two of the banks that funded ‘carbon bomb’ projects between 2016 and 2022.  Photo by Joshua Lawrence on Unsplash



Do you agree?

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  • George Kariuki

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    62 w

    This is unacceptable. Banks have a responsibility to use their money to support a sustainable future, not to accelerate the climate crisis.

    3
    • rosebellendiritu

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      62 w

      May all companies and organisations funding fossils be exposed,to see if they will change their practices

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      • Sarah Chabane

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        62 w

        Imagine if all newspapers were making the efforts of The Guardian to cover the climate crisis!

        3
        • We Don't Have Time

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          62 w

          Dear Markus Lutteman Your climate love has received over 50 agrees! We have reached out to TheGuardian.com by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time

          1
          • Johannes Luiga

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            62 w

            A very important step

            3
            • CHRIS NGATIA

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              62 w

              These banks should fund the transitioning to clean energy

              9
              • Tabitha Kimani

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                62 w

                Why won't this banks fund clean energy and stop funding extinction.

                9
                • Princess

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                  62 w

                  Let's support transparency and sustainable banking practices! 💼🌍

                  4

                  Re-watch all our COP29 broadcasts

                  We need to stop methane and #BuyMoreTime