Fossil capital is accelerating the climate catastrophe.
Over the last 7 years, banks put $5.5 trillion into the fossil fuel industry, the latest annual #BankingOnClimateChaos report shows.
Resulting in record profits & expansion of oil and gas reserves. https://www.bankingonclimatechaos.org/
Peer reviewed research shows the oil and gas industry has already invested in producing more oil and gas than the world can afford to burn in order to limit global warming to 1.5ºC.
@MatthiasSchmelzer yep, that why they are heavily lobbying for CCS to continue burning stuff.
@MatthiasSchmelzer They're long overdue learning to pay attention to the small print on financial ads: "the value of investments can go down as well as up."