Climate warning
Image of Citi

Citi

Climate warning

Deutsche Bank, Citi, JP Morgan: 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”. https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/anleihen-die-geldbeschaffer-der-oel-und-gasindustrie/29410610.html

Do you agree?

149 more agrees trigger scaled up advertising

  • walter lungayi

    40 w

    Financial institutions like Deutsche Bank, Citi, and JP Morgan may claim to promote sustainability, but their continued support for the oil and gas industry shows that they are still major financiers of fossil fuels. It's time for these institutions to prioritize the health of our planet over profits.

    1
    • Patrik Lobergh

      41 w

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

      2
      • We Don't Have Time

        41 w

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

        4
        • Elizabeth Gathigia

          41 w

          It's so disappointing, these banks should be funding clean energy sectors instead oil and gas projects

          9
          Welcome, let's solve the climate crisis together
          Post youtube preview with preloading
          youtube overlay

          Write or agree to climate reviews to make businesses and world leaders act. It’s easy and it works.

          Write a climate review

          Voice your opinion on how businesses and organizations impact the climate.
          0 trees planted

          One tree is planted for every climate review written to an organization that is Open for Climate Dialogue™.

          Download the app

          We plant a tree for every new user.

          AppleAndroid