Certain Banks are pouring Gasoline on the Climate Fire

Receipts are showing the numbers that in the past six years, close to sixty banks have contributed almost five trillion dollars into fossil fuel and such kind of financing is surely wrecking the ozone layer and the climate with greenhouse gas effects while violating indigenous rights and, above all, fueling forest fires all around the world. There is no doubt that banks have been literally pouring gasoline on the climate fire. If you want a specific example, Chase Manhattan is a primary one. They have poured money into Exxon by financing them and the figure is almost fifteen billion dollars. They have funded TC Energy with another twenty-three billion dollars. They have stuffed another five billion dollars down the throat of Gazprom of Russia. More than twenty-one months ago, all world leaders assembled for the United Nations’ Climate Conference in Glasgow, Scotland. Their main idea was to accelerate action on climate change deterioration. By March 2022, it has come to light that though several banks have made big commitments merely on paper, they went on and contributed seven hundred and forty two billion dollars into fossil fuels alone. Banks like Wells Fargo and J.P. Morgan Chase increased their financing for fossil fuel in the past year. This does not sound like an action from banks that care about the health of the planet’s climate. Whatever the case may be, time is running out to take meaningful action to slow down this climate change crisis as it has already been escalated by such irresponsible bankers who are only concerned about bringing in profits from fossil fuels being bankrolled, deforestation and abuse of human rights.