Investigative Journalism

162 readers

34 users here now

A place to post long form investigative journalism.

Rule 1: Be excellent to each other.

Rule 2: Can be podcasts, videos or articles. Post what it is in the tile as first thing.

Rule 3: Must be a good source. No far right or Russian tied outlets.

founded 8 months ago

MODERATORS

pelespirit@sh.itjust.works

Wall Street just won't stop financing the fossil fuel industry's expansion (www.motherjones.com)

submitted 3 weeks ago by pelespirit@sh.itjust.works to c/investigativejournalism@sh.itjust.works

3 comments fedilink hide all child comments

For the past two years, more than a dozen major banks have been not only reneging on their climate commitments, they’ve been actively making the crisis worse.

In 2024 and 2025, during the leadup to President Donald Trump’s second inauguration, all six of the nation’s largest banks abandoned the Net-Zero Banking Alliance, a voluntary climate coalition, precipitating the Alliance’s complete shutdown in October. Since then, others including Royal Bank of Canada, Scotiabank, HSBC, NatWest, Santander, and JPMorgan Chase have either weakened or scrapped their decarbonization targets.

Now, new evidence shows banks are ramping up spending on fossil fuels. Beyond helping companies extract more oil and gas, they are bankrolling the industry’s pivot to plastics, fertilizers, and other petrochemical products.

you are viewing a single comment's thread
view the rest of the comments

[–] Bluescluestoothpaste@sh.itjust.works 2 points 2 weeks ago

Agreed, not to go too offtopic, but everyone is scared of AI taking over the world when it already did a long time ago. Not in the form of LLM but in the form of the corporate charter. a corporate charter is an algorithm for making decisions and we bounded ourselves by law to follow that decision making process a long time ago.

The CEO isn't responsible, he's just doing what he is mandated by the corporate charter to do.