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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
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.
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.
@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.
