We know a bit about dirty banking. While we do not think money is a dirty word, we have seen how it can do dirty things when mixed with fossil fuels. So thanks, as always, to Bill McKibben for this further illumination. We are sharing his newsletter, rather than the New Yorker story he references, because as you will see below he encourages sharing Your money is your carbon:
If you’ve got $125k in the financial system, it’s doing as much damage as your cooking and your heating and your flying. These are the most important new climate numbers for many years
Earlier today I published a big story in the New Yorker about how banks are driving the climate crisis. A report from a consortium of environmental groups made clear that for the biggest, richest companies on earth, the cash they keep in the banking system (which gets lent out for pipelines and the like) produces more carbon than their actual, you know, business. Google emits more carbon from its money than its phones, and Netflix from its streaming, and so on. Continue reading