Why divesting from fossil fuels is easier said than done for banks
finbox.substack.com
Frustration with the banking industry is gaining currency — in particular, the sector’s role in financing fossil fuels. Like a smoker who cannot quit, banks are addicted to fossil fuels. Despite the damage it causes, the addiction persists.But like any dangerous addiction, quitting can be difficult and require more support.
Why divesting from fossil fuels is easier said than done for banks
Why divesting from fossil fuels is easier…
Why divesting from fossil fuels is easier said than done for banks
Frustration with the banking industry is gaining currency — in particular, the sector’s role in financing fossil fuels. Like a smoker who cannot quit, banks are addicted to fossil fuels. Despite the damage it causes, the addiction persists.But like any dangerous addiction, quitting can be difficult and require more support.