“We live by means of a local weather disaster immediately and a dedication to web zero requires a dedication to ending fossil gas financing,” Tlaib mentioned. “It can be crucial as a result of I would like you all to know, on the finish, we’re gonna pay the price of the general public well being impression. These are individuals you’re speculated to be serving.” And but Dimon and his ilk have been way more involved with the so-called “vitality combine” speaking level pushed by Republicans than making significant modifications away from fossil fuels. Dimon even mentioned his firm was “working with the accountable coal producers,” boasting that they’d at the least lowered some of their emissions.
However coal is inherently soiled and there’s no solution to ethically proceed burning it. Not that Dimon cares about that truth. Talking about the way in which the world is dealing with local weather targets, Dimon mentioned “we aren’t getting this one proper,” treating dependence on fossil fuels as extra of an dependancy than something. “The world wants 100 million barrels successfully of oil and fuel day by day and we want it for 10 years. To do this we want correct investing within the oil and fuel complicated,” Dimon mentioned. “Investing within the oil and fuel complicated is nice for lowering CO2.” And I’m gonna cease that quote proper in its tracks as a result of it certain isn’t well worth the $84.4 million in compensation Dimon made final yr, a lot much less the time it takes to kind out his remarks.
Rep. Sean Casten, who launched the Climate Change Financial Risk Act of 2021, couldn’t even get the CEOs to verify whether or not or not they have been nonetheless doing enterprise with the State Monetary Officers Basis, a company spreading disinformation that was recently outed for its deep ties to fossil gas corporations and sympathetic Republicans. So disinterested in doing the fitting factor are massive banks that their CEOs are even considering leaving a crucial net-zero alliance.
Sierra Membership Fossil-Free Finance marketing campaign director Ben Cushing mentioned in an announcement that this conduct is completely predictable: “It’s unsurprising that soiled vitality lobbyists and their political allies are cynically threatening authorized motion towards banks who take local weather change significantly. However these threats must be seen for what they’re: dangerous religion assaults which can be merely the most recent type of local weather denialism.”
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