#fossilfinance — Public Fediverse posts

"Banks pumped more than $150bn last year into companies whose … projects could destroy the last chance of stopping the planet heating to dangerous levels

… 425 extraction projects that …cumulatively hold enough coal, oil and gas to burn through the rapidly dwindling carbon budget four times over."

https://www.theguardian.com/environment/2023/oct/31/banks-pumped-more-than-150bn-in-to-companies-running-carbon-bomb-projects-in-2022

via https://www.carbonbrief.org/daily-brief/carbon-emissions-threaten-1-5c-climate-threshold-sooner-than-thought-report/#singlebrief5

#FossilFinance #ClimateCrisis #JPMorganChase #Citi #BankOfAmerica #ICBC #BNPParisbas #BankOfChina #WellsFargo #HSBC #Barclays #IndustrialBank

"California Pension Funds Have Billions Invested in Fossil Fuel Companies Named in State’s Lawsuit"

https://www.desmog.com/2023/10/12/california-pension-funds-divest-legislation-newsome-fossil-fuel/

#FossilFinance #PensionFunds #California #CalSTRS #CalPERS