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Bank of America

Climate warning

Deutsche Bank, Citi, JP Morgan and Bank of America: fundraisers for the oil and gas industry

Deutsche Bank, Citi, JP Morgan: fundraisers for the oil and gas industry The oil and gas industry's fundraisers Deutsche Bank and other financial institutions want to move away from the image of climate polluters. But research shows: The financial institutions are still the financiers of fossil energy sources. Deutsche Bank publicly promotes sustainability, but at the same time it is the most important service provider for the oil and gas industry among Europe's banks. Photo: Imago (3) Berlin. Deutsche Bank is owned by JP Morgan along with the US financial institutions , Citigroup and Bank of America among the most important partners of oil, gas and coal companies. Since the Paris Climate Agreement came into force in 2016, major international banks have owned companies such as Shell helped to issue bonds worth more than a trillion euros to finance, among other things, fossil fuel projects. This contradicts the official climate protection goals of politicians, to which the financial industry has also committed itself. This is the result of an investigation by international media in which the Handelsblatt was involved. In the past few months, the Dutch research platforms Investico and Follow the Money, together with twelve media outlets from ten countries, have analyzed the financing of the international oil and gas industry. In addition to the Handelsblatt, “Le Monde” from France, the Spanish newspaper “El Pais” and the “Guardian”, among others, took part in the project called “Great Green Investment Investigation”.

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  • Patrik Lobergh

    42 w

    Excuse my direct language: they are prostitutes and do everything for money=greedy people

    • Ann Nyambura

      42 w

      Would urge these institutions to consider reallocating investments towards renewable energy and environmentally responsible projects.

      • walter lungayi

        42 w

        Financial institutions like Deutsche Bank, Citi, and JP Morgan may publicly promote sustainability, but they are still major fundraisers for the oil and gas industry, contradicting their commitment to climate protection goals. This is a concerning issue that needs to be addressed by both the financial industry and politicians.

        • Esther Wanjiku

          42 w

          These large financial institutions are causing a derailment in where the world is moving towards

          • johnte ndeto

            42 w

            why can't financial institutions finance the close and clean energy alternatives or substitutes

            • We Don't Have Time

              42 w

              Dear Patrik Lobergh Your climate warning has received over 50 agrees! We have reached out to Bank of America 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

              • Saustine Lusanzu

                42 w

                This is not acceptable at all

                • Johannes Luiga

                  42 w

                  This has to stop

                • Joseph Githinji

                  42 w

                  Its a good craving for the banks,but they must all walk the talk. Climate change effects are adverse and must be faced with sincerelity.

                  • CHRIS NGATIA

                    42 w

                    Would I be wrong by calling them hypocrites ... They do not want to be called climate polluters yet they are the fundraisers of fossil fuels ...

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