this post was submitted on 03 Feb 2024
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Bank of America Reverses Its Pledge Not to Finance Fossil Fuels (www.nytimes.com)
submitted 9 months ago by silence7@slrpnk.net to c/climate@slrpnk.net
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This leaves us with a loose collection of small banks and credit unions who aren't financing fossil fuels

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[–] brothershamus@kbin.social 28 points 9 months ago (2 children)

Article: The changes come as Republican lawmakers step up efforts to punish businesses that consider climate change and the environment in their operations.

TL;DR: RepubliQans fucking everything up to destroy the planet, yet again

Comments: Dang Bank of America! oooo that bank! banks, right?! Let's all make sure not to vote for the current Democrat

[–] spacedout@lemmy.ml 9 points 9 months ago* (last edited 9 months ago) (1 children)

While true, it's guilt by omission not to remind people that Biden has thoroughly broken his campaign promise of "no more drilling on federal lands", and in fact granted even more drilling permits then Trump did before him.

[–] deur@feddit.nl 3 points 9 months ago (1 children)

It is not guilt by anything, you are not obligated to derail other discussions with information linked to the topic tenuously at best.

[–] spacedout@lemmy.ml 4 points 9 months ago* (last edited 9 months ago)

OP is about climate change and funding petroleum. Parent comment was about US party politics. My comment brought up petroleum drilling permissions in a US party political setting. Why don't you think that is related?

[–] silence7@slrpnk.net -1 points 9 months ago (2 children)

It's a commercial enterprise, not a government one

[–] MrMakabar@slrpnk.net 10 points 9 months ago

But governments passed the bills against sensible business practices, by preventing lending money to fossil fuel companies, which are obviously in significant danger due to additional government regulation in other areas. Bloody Communists! Sorry Republicans.

The biggest problem is that this is global, so we are going to see large international banks also dropping similar language, due to the US market being massive and it being hard not to get sued over this.

[–] TWeaK@lemm.ee 5 points 9 months ago

Even still, surely the laws preventing them from refusing to invest in coal and other fossil fuels are uncosntitutional?