FILE PHOTO: Petro-Canada's Edmonton Refinery and Distribution Centre glows at dusk in Edmonton February 15, 2009. REUTERS/Dan Riedlhuber/File Photo
The 60 largest banks lent more than $750 billion to 2,300 fossil fuel companies in 2020, down from $824 billion in 2019, according to a report by Rainforest Action Network, Reclaim Finance, Oil Change International and other non-governmental organisations . It also followed a surge in demand from fossil fuel companies raising cheap financing in the first half of 2020, the report said after assessing the roles of banks in lending and underwriting debt and equity issues.
“We must go forward to a world where even without a pandemic, fossil fuel production declines almost as quickly every year for the next decade - as it did in 2020 — but this time in a managed way.”
Withdrawals today !!! I really appreciate all you've done for me, you are the best and I promise to spread your good work Thank you Blaketeddy56
Should've been 15-20% at least....
9% down and 91% to go. Lending money to people to destroy the earth. Is that any way for a reputable institution to act?
9% is not enough.
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Que fino !!!!!!! Mejor eliminar toda esa industria que está llevando a la planeta a una extensión masiva 🦖🦕🦖
And may the decline in Bank lending to fossil fuel Coys become Exponential!! With Banks & entrepreneurs shifting their focus to expansive progressive investing in green energy & Development' sustainable to an Earth friendly to growing ALL CREATURES not already extinct? Hallelujah
EricWalker01 𝗶𝘀 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁, 𝗵𝗲 𝗵𝗮𝘀 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝘁𝗿𝗮𝗱𝗶𝗻𝗴 𝘀𝗸𝗶𝗹𝗹𝘀. 𝗬𝗼𝘂 𝗰𝗮𝗻 𝗰𝗼𝗻𝘁𝗮𝗰𝘁 𝗵𝗶𝗺 ,𝗵𝗶𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗶𝘀 𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗯𝗲𝘀𝘁 𝘆𝗼𝘂 𝗰𝗮𝗻 𝘁𝗿𝘂𝘀𝘁
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