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THREAD: Urgewald & partners just published an analysis of the financiers & investors behind the *entire* coal industry for the 1st time.

One of the shocking results:
Banks provide more money to coal than in 2016🤯

Read the full analysis: coalexit.org/finance-data

#EndCoalFinance
Banks provided $US 543 billion to the coal industry in 2019, likely at least as much in 2020. A sobering reality check on banks’ climate commitments.

The vast majority of banks’ coal exclusion policies have too many loopholes for their impact to be meaningful.
US investors account for 58% of the global coal industry, holding bonds & shares worth $602 billion!

@JoeBiden must address #WallStreet as a huge driver of climate pollution. Its massive investments in the coal industry are driving us ever deeper into a climate crisis.
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