Big Banks provided,
. . . $630 Billion in financing to
. . . Coal, between January 2014, and September 2017.
Chinese, and Japanese banks,
. . . were responsible for
. . . 68% of the total.
US accounts for
. . . 37% of institutional investments in
. . . new coal plant expansion plans.
Institutions, that regularly issue warnings about the threat,
. . . that climate change poses to our economy, and societies,
. . . are the very same institutions that invest billions of dollars,
. . . in companies with enormous coal power expansion plans.
It is time that:
. . . . . . BlackRock,
. . . . . . Vanguard, and
. . . . . . other global investors,
. . . acknowledge the inconvenient truth,
. . . that their own investments are accelerating climate change.”
12-15-2017 Source: Banks: fund $630 Billion to Coal
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Banks: fund $630 Billion to Coal
Started by eds, Dec 15 2017 06:17 AM
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