Opinion | Fossil Fuel Funding Is a Disastrous Investment

Banks have been increasing investments in fossil fuel developments and infrastructure, and industry lobbyists are using Russia's invasion of Ukraine to justify calls for ramping up oil and gas production.found,"fossil fuel financing from the world's 60 largest banks has reached nearly USD $4.6 trillion in the six years since the adoption of the Paris Agreement, with $742 billion in 2021 alone." Alberta oilsands financing jumped 51 per cent from 2020 to 2021, to $23.

As Guterres wrote,"So far, high-emitting governments and corporations are not just turning a blind eye; they are adding fuel to the flames by continuing to invest in climate-choking industries. Scientists warn that we are already perilously close to tipping points that could lead to cascading and irreversible climate effects."," lays out a viable plan to reduce emissions and forestall the worst impacts of a rapidly heating world.

Along with improved energy efficiency, renewable energy is now the most cost-effective way to power societies. Costs of wind and solar power and battery storage have dropped by up to 85 per cent since 2010.said IPCC Working Group III co-chair Jim Skea We have important choices to make, choices that will determine the future for us, our children and grandchildren and those yet to be born. Although much of the onus is on governments, banks and industry to take the big steps, individuals have a role. Ensuring youris a start, by divesting from funds and banks that support the industry and switching to non-fossil funds.

Does seem like idea of martyrdom/suicide has penetrated the male mind in much of America...thinking it's somehow gonna be better (72 vestal virgins delusion) on the other side.

Might be worth looking into our respective 401ks and shifting towards funds less weighted in petro companies. If you're flush enough to use investment advisors, ask her or him to do this for you.

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Opinion | The Outrageous—and Largely Hidden—$5.9 Trillion Annual Subsidy to the Fossil Fuel Industry That Is Killing UsWestern governments have been heavily subsidizing their own fossil-fuel industries even as they exhort much poorer countries to do more to reduce greenhouse-gas emissions. But the full extent of these subsidies has been hidden by the methods used to measure them.
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