Banks are contributing to the deterioration of this planet’s climate

Big banks do not realise that they are contributing heavily to the crashing of the earth’s climate by financing the worst fossil fuel criminals. Life on earth is in peril. The biggest solution to preserve life on this planet is by curbing or restricting fossil fuels’ usage. Humanity could survive a very big threat this way. Yet, time is running out faster than we would like to think. We need to act fast and act with prudence. It is the big banks that are not helping by financing organisations that do not believe in keeping fossil fuels in the ground and stopping the spread of poison on this planet. The world’s leading bankers have to learn better money habits and avoid the funding of organisations that are hell bent on destroying the earth’s climate. Since the past seven years, bankers such as Bank of America have funded over two hundred billion dollars in financing of fossil fuels. Who is the main beneficiary? Exxon Mobil who cares two hoots about the survival of our climate and our ozone layers. Companies like these are doing their most in hurting our climate and our communities. Another example is the financing of Formosa Plastics’ twelve-billion dollar petrochemical complex which is sure to double the toxic emissions in one of the highest regions of cancer rates in the United States of America. Bank executives could re-strategise and decide on ditching fossil fuels and climate-destroying agents like Formosa Plastics and Exxon Mobil. Bank of America tries to educate its target audience by promoting its `better money habits’ on social media channels while, in reality, it is helping finance destructive industries. We have to be committed to the future of our climate and our ozone layers by ending expansion of fossil fuel usage and withdrawing support for the petrochemical complexes.