Big banks fund new oil and gas despite net zero pledges

[Eugene]

Source: BBC

Big banks fund new oil and gas despite net zero pledges

By Tom Espiner
Business reporter, BBC News

14 February 2022

Big banks are pumping billions into new oil and gas production despite net zero pledges, campaigners have said.

Banks including HSBC, Barclays and Deutsche Bank are still backing new oil and gas despite being part of a green banking group, ShareAction said.

Investors should force banks to demand green plans from fossil fuel firms before funding them, it said.

HSBC and Barclays said they were focused on achieving environmental goals.

"Net zero" means not adding to greenhouse gases already in the atmosphere by cutting and trying to balance out emissions.

-snip-

Read more: https://www.bbc.com/news/business-60366054

[Haggard Celine]

1. The Gulf of Mexico will be washing up

in my yard, and those bastards will still be making pledges. None of them plan on ever doing a thing. Government is going to have to get involved. But good luck with that!

[multigraincracker]

2. Once said in the Gulf of Mexico...

Damn the Torpedoes-Full Speed Ahead.