Big Banks Hold the Purse Strings For Fossil Fuels. They’re Not Giving Them Up.
Big Banks and Big Oil go hand-in-hand, and earlier this month, investors signaled they have little interest in changing the status quo—despite pressure from climate activists for financial institutions to stop funding new oil and gas projects.
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Source: https://www.barrons.com/articles/bank-of-america-citigroup-goldman-sachs-wells-fargo-oil-esg-5594fce3?siteid=yhoof2&yptr=yahoo