Among world’s top 60 banks those in US are biggest fossil fuel financiers, while Barclays leads way in Europe
The world’s big banks have handed nearly $7tn (£5.6tn) in funding to the fossil fuel industry since the Paris agreement to limit carbon emissions, according to research.
In 2016, after talks in Paris, 196 countries signed an agreement to limit global heating as a result of carbon emissions to at most 2C above preindustrial levels, with an ideal limit of 1.5C to prevent the worst impacts of a drastically changed climate.
First time I see “tn” used
Just wanted to write that. If 1 billion is unimaginable to us regular people, a thousand more of these is something completely unreal.
7,000,000,000,000
We are all sooooo fucked!
Sure that number might look big. BUT YOU DON’T FEEL IT just looking at it.
And that’s seven trillion right ther’. That’s 7000 billion. Whew. P.S Rip Byron. We hardly knew ye.
There is so much to do with that amount of money. Like building 100m of that neom city.
Bro such a great idea!! Like a long city in the dessert, like a line, bro, like this line right here, like it’ll totally, fucking climate change, like it’s the future, I swear, the most insane, just imagine the internet, in like, it’s a line, and, hear me out, it’s in the dessert, that’ll show that we don’t, like, it’s not just oil and patria-, bro like get the black AMEX r.e.a.d.y., I need the concierge service to deliver me some fucking Canadian lobster up this bitch right now,
At current market rates that is enough money to build about 8 TWp of solar power. That would cover about 15% of all global energy demand, including heating, transportation etc.
burn, baby! burn!
