3 ms·
It isn't weak. For years, banks have been granting big loans to fossil fuel projects, not to green projects. There is a demonstrable bias that goes beyond fiduc
by OutOfHere 6mo ago
It isn't weak. For years, banks have been granting big loans to fossil fuel projects, not to green projects. There is a demonstrable bias that goes beyond fiduciary responsibility. The logic of banks is like saying that it's okay for VCs to not fund female founders because they present a fiduciary risk claiming that male founders simply are known to work out. As such, they're as strongly in favor of climate chaos as they can be.