Big Banks Look for Profits Amid Global Temperature Rise
www.theenergymix.com
Banks are planning for a future where climate action fails and global temperatures rise as high as 3°C—but they’re still financing the fossil fuel projects driving that catastrophe, often through shared lending arrangements that make it harder to cut off funding for new oil and gas development.
    • Avid Amoeba@lemmy.ca
      3·
      14 days ago

      I don’t know if they don’t do fossil fuel investments, but at least in ON they’re regulated as nonprofits, so they gotta do less damage than the Big Five.

      I ditched the banks for Meridian in 2019 and the experience has been great. They had lower mortgage rates than TD’s employee rate.