When the INCENTIVES are in your pocket, it’s much harder the put your MONEY where your MOUNTH is. Banks are financing +2-FOLD more #FossilFuel than #LowCarbon projects.👇 We may argue the need for FF (I 💠we still do), but agree it’s hypocritical! https://t.co/cVQDYm2tN9
“Since the clinching of the Paris Agreement, the global banking sector has underwritten more than $3.6 trillion of bonds and loans for the fossil-fuel industry. No bank has done more—or taken more in fees—than JPMorgan Chase in the past five-plus years.”