This week we are seeing the climate change-fueled consequences of Big Oil’s greed and Wall Street banks’ complicity in keeping them profitable. Fires are being fought in Greece, Italy, Germany, France, and many other places around the world. Almost every country in the northern hemisphere is baking in record-breaking heat.
Yet fossil fuel companies are still building new fossil fuel infrastructure ― and big banks are still funding them. People across the world are suffering as a result.
This week is more evidence that we are in a climate emergency. Our infrastructure is not ready to handle the climate crisis – with airport runways melting and railroad tracks buckling – everyone must do what they can to fight climate change. That means banks need to cut off financing to any company expanding fossil fuels, period.
Despite making climate pledges and net-zero commitments, the top banks have done nothing to rein in the unchecked carbon emissions that fossil fuel infrastructure unleash – leading to catastrophic consequences. We’re telling the banks that any new fossil fuel infrastructure is a bad investment for both their bottom line and our communities, and that we can’t risk a future where parts of the Earth are uninhabitable.
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