Post #3796620

@zazzoo@mstdn.ca @chris@mstdn.chrisalemany.ca Canadian banking investments finance climate disaster .. "The Canadian Big Five’s financing deal flows inverted this ratio in 2020-2022 to 3.9 to 1 in favor of fossil fuel financing. 16.9% of all facilitated financing assessed went to oil, gas, and coal companies, compared to just 4.3% to companies identified as green. The Big Five’s ratio of financing fossil fuel companies over green is significantly higher than that of leading US (2.8 to 1) and European (2.0 to 1) banks. BMO had the highest fossil-fuel-to-green ratio at 6.8 to 1, while Scotiabank had the lowest at 3.0 to 1." Carney recognized climate change is/will have impact on finance and insurance. But he's arguing banks and economy first, financed by ordinary Canadians who haven't profited from any of this. https://influencemap.org/report/Canada-s-Big-Five-Banks-26501 https://archive.ph/klJmW#selection-831.0-831.190