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The causes fueling the climate crisis are receiving 20 times more financing than the solutions, investigation reveals (actionaid.org)

submitted 1 year ago by [email protected] to c/[email protected]

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Fossil fuel and industrial agriculture industries in the Global South are receiving an annual average of 20 times more financing from banks than governments are receiving for climate solutions. Banks have put $3.2 trillion towards the expansion of fossil fuels since the Paris Agreement, with $370 billion being funneled into the second major cause of climate change, industrial agriculture. Top banks funding the climate crisis include HSBC, Citigroup and JP Morgan Chase.

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[–] [email protected] 2 points 1 year ago

Only 20 times? That's rather good news, but I'm not sure how effective that 1/20 money is.

[–] [email protected] 1 points 1 year ago (1 children)

Seems like clickbait. Fossil fuels and industrial agriculture are major drivers of national economies. Of course there's going to be a lot of funding.

"Groundbreaking report"

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago)

Hey not sure if you have noticed or not but the planet is trying to kill us because of those drivers of national economies, and the rest of the world is trying to find solutions that don’t involve those drivers.

Grow a wrinkle, pal.