Who is fueling the corporate greed which is abusing the environment?

In every nation, the gas prices are going up, particularly after the Ukraine-Russia conflict. Middle class and lower income people are finding the going rough when they visit a grocery store or a gas station. While they are struggling, some companies are making merry with record-breaking profits. Most of these companies are dealing in fossil fuel. For example, Exxon Mobil has reported a 220% increase in their profits this year. The price of gas is breaking records at $6.50 per gallon but big giants such as Exxon are pleading that they need much more to expand the oil and gas projects so that they can then think about reducing the prices. There is a simple question that arises – where are they getting their money for expansion apart from these rising gas prices. The simple answer is – through big banks. The big projects for financing fossil are fulfilled through banks such as J.P. Morgan Chase. It is no hidden secret that Chase is currently one of the top financiers of Exxon. It is time for such corporate to close their contribution towards greed and climate chaos by stopping their fossil fuel expansion projects without any further delay. Let us understand that if our auto companies were not so dependent on fossil fuels, the expense nor the gas prices would not be staring us in our faces. It is a vicious cycle and a malevolent chain for big gas companies to rake in huge profits at the expense of middle and lower middle class people. Instead of finding ways to reduce gas prices, big gas companies and their executives and shareholders are profiting personally, day by day; at the same time, the chances of working towards a habitable climate and good energy practices are fading with each passing day. These corporate giants are claiming falsely that they need more funding to expand their oil and gas projects and the banks are their partners in this evil ploy. The ever-increasing greed of such companies is going unchecked and the ordinary citizens of the world are the ones who are paying the price. What is the solution? Companies like Shell, BP and Exxon have to put their heads together, put a hold on their malicious greed and work for an equitable and a just energy transition. This is possible if they take bold decisions of not going for fossil fuel project expansion and their sponsor banks have to put a stop to their financing. For example, J.P. Morgan Chase has given Exxon in excess of fifteen billion dollars in the past seven years. It is clear that some of the big banks are serving as right hands to materialise oil and gas’ destruction of this earth’s climate. This kind of toxic relationship has to cease at some time and companies such as these have to put a stop to financing expansion of fossil fuel projects and start working with their customers towards a livable future. It has become very clear that big banks are becoming one of the worst gas and oil expanders in the world and they have become directly responsible for large scale oil disasters. This kind of collaboration has been happening on climate chaos for several decades now. As fuel prices are continuing to go up under the canopy of words like inflation, big oil companies are languishing in cash and luxury and asking big banks for more gas and oil projects. The end result would be that the rising global temperature would not be kept under one-and-a-half degrees of rise and the consequences would be disastrous for us and the future generations. This planet would not be habitable with each passing year. The planet would be drained of all its resources until there is nothing left to be accessed. So, let it sink that big banks have become the umbrellas that are sheltering and controlling the financing pipelines, leading to chaos in the climate scene.