How Big Tech Companies Fund Fossil Fuel Emissions

, has announced a new offshore drilling project in Guyana. Canada has approved 60 new wells to be drilled in the Flemish Pass near Newfoundland. The lead company on that project, Equinor, banks with Chase and Bank of America.

On the other hand, among Big Tech companies, Meta is No. 8, Tesla is No. 6, Amazon is No. 5, Alphabet is No. 4, Microsoft, No. 3, and Apple, No. 2. All these companies have net-zero targets. Thesays, “If they decided to pressure the banks, it would be a battle of giants. And the banks would have to consider not only who’s on top now but who’s likely to stay there. It’s pretty hard at present to make a case for Exxon’s long term future, though Amazon seems likely to last.

According to Rockefeller heir and BankFWD co-founder Peter Case, “The financial system can be one of two things — a driver of sustainable growth or a driver of climate chaos.” Theputs a fine point on things. “If Big Tech pushes Big Money to cut off Big Oil, we could see the shifts that have eluded us in the climate fight thus far, and that scientists insist we need to make. It could be a true turning point in the crisis.” Carbon capture? Geo-engineering? Pish tosh.

Companies like apple google and microsoft should bank with ING Bank, so their savings stop fueling the climate crisis.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

North Korean IT Workers Are Infiltrating Tech CompaniesPlus: The Conti ransomware gang shuts down, Canada bans Huawei and ZTE, and more of the week’s top security news. Might be forced to spy or there family gets axed.
Source: WIREDScience - 🏆 385. / 55 Read more »

At Tech Companies, the Rebellion Against the Return to the Office Is Getting SeriousSome of the economy’s most in-demand employees are about to find out how much power they have over where and how they do their jobs. There’s no legitimate argument for in person work. There were studies saying this before the pandemic happened. It’s mostly old generations like boomers and some Gen X who are trying to make in office happen, and they are learning the hard way you will sink your company like that Interesting because the first people fired in a downturn will be remote workers also workers returning the office will rebel against having to do any sort of zoom like meetings with remote folks. I’ve talked to several HR managers saying they will pay in office workers more.
Source: WSJ - 🏆 98. / 63 Read more »

All the biggest Bay Area tech companies that have paused hiringEven the most well-known tech companies are facing stagnating growth and stalled hiring. Workers won't build their future on a foundation of utter lies, even though Republican philosophy reassures us that a sinkhole will not be discovered until after a building has been constructed above it. If a buyer can make no informed decision, it is equal to a 'NO' decision.
Source: SFGate - 🏆 534. / 51 Read more »