A safer transition for fossil banking:
https://www.finance-watch.org/publicati ... l-banking/
The world’s 60 largest banks have approximately $1.35trn (£1.2trn) exposed to fossil fuel assets, which will depreciate over time and could trigger the next global financial crash. That is according to a new report from Finance Watch, which also reveals that the exposure to fossil fuels is almost equivalent to the exposure of the whole financial system to subprimes before the 2007-2008 global financial crisis.
Bank exposure to fossil fuels could trigger financial crisis
Moderator: Peak Moderation