5min chapter

A Matter of Degrees cover image

“What Can I Do?” Part 1 — The Personal

A Matter of Degrees

CHAPTER

Are the Bad Banks Borrowing the Fossil Fuel Industry?

J p morgan, chase, city group, bank of america and wells fargo are the worst offenders when it comes to funding fossil fuels. The four banks have loaned more than a trillion dollars to the fossil fuel industry since the paris climate accords were signed back in december of 20 15. If you have a hundred and 25 thousand dollars in the bank, that money produces as much carbon in a year as the average American does. That's just stunning. And it can't just be our savings accounts, right? It's got to be all the money we've got in accounts, exactly. Maryland explained that the money that sets in retirement funds and other investments

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