LETTER TO THE EDITOR: Big banks should accelerate their investments in clean energy
The following is a letter to the editor submitted by a reader and does not reflect the views of the Pioneer. Letters can be sent to email@example.com or P.O. Box 455, Bemidji, MN 56601.
Our community has been experiencing the effects of climate change, and we worry about the future and the climate extremes that coming generations will experience.
April is Earth Month, and the theme this year is “Invest in People and the Planet.” So, we wonder why big banks like Bank of America, Chase, Citibank and Wells Fargo, are still investing in the expansion of dirty fossil fuels that are causing such climate destruction.
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According to the report Banking on Climate Chaos, these banks have invested more than $1 trillion in fossil fuels since 2016. The recent IPCC report says that “feasible, effective, and low-cost solutions” are readily available but aren’t being scaled up at the necessary speed.
This spring, the big banks should adopt the pending shareholder resolutions on climate change at their annual meetings and commit to accelerating their investments in clean energy and divesting from coal, oil and gas.
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