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Banks use your deposits to loan money to fossil-fuel, emissions-heavy firms
- mistrial9 3y agohere in the USA, I believe that this mass-appeal effort to switch banks can be very effective
- toomuchtodo 3y agoAn opportunity for Bank Rank to classify by climate impact? https://news.ycombinator.com/item?id=38875510 https://news.ycombinator.com/item?id=38875510 https://github.com/project-bankrank/bankrank https://github.com/project-bankrank/bankrank
- NBJack 3y agoIs this really news? Banks have been investing money held for decades, at least in the US. A nothing-burger for a slow news week? Perhaps an opportunity for "ethically sourced" interest payments?
- nervlord 3y ago[dead]
- TheCryptoBro 3y agoInvestments are made wherever there are the highest returns. If you want banks to change investment strategies, then develop the industries where you want them to reroute. It's the business of money. Whatever does best will always demand the most capital.