Turning Up Heat On Banks Funding Fossil Fuels
The Wall Street Journal reports another front in the fight against climate-changing fossil fuels: the banking industry.
Via Moyers & Company:
As environmental writer and activist Bill McKibben tells Bill Moyers on this week’s Moyers & Company about the student movement for colleges and universities to divest themselves of stock from companies that produce or burn oil, gas and coal, The Wall Street Journal reports another front in the fight against climate-changing fossil fuels: the banking industry.
Investors “have filed nonbinding shareholder resolutions urging at least four banks to shed more light on loans they make to oil, gas, coal and other companies whose practices create carbon emissions. They are also pressing the bank...