This blog may help people explore some of the 'hidden' issues involved in certain media treatments of environmental and scientific issues. Using personal digital images, it's also intended to emphasise seasonal (and other) changes in natural history of the Swansea (South Wales) area. The material should help participants in field-based modules and people generally interested in the natural world. The views are wholly those of the author.
Wednesday, 24 March 2021
Your Non-Listening Banks
The world's 60 largest banks have reportedly provided almost 4tn dollars of financing for oil, gas and coal companies, since the Paris Climate Accord of 2015 (https://www.theguardian.com/environment/2021/mar/24/big-banks-trillion-dollar-finance-for-fossil-fuels-shocking-says-report). Much of this bank financing was provided to enable companies to exploit new reserves of fossil fuels. One of the major messages from Paris, was the need to keep fossil fuels in the ground, if we didn't want runaway climate change. Worryingly, the provision of bank finance in 2020, was higher than in 2016 or 2017! This takes no account of the global Covid-19 pandemic and reduced demands for oil, gas and coal. Perhaps the Glasgow COP26 should ask the banks why they have a deathwish for the planet?
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