Posted in Bailout 2020 Banks Common Dreams Coronavirus Energy Mining News

Big banks move to buy up fracking industry assets with coronavirus bailout funds

Critics Decry ‘Massive Step in Wrong Direction’     JPMorgan Chase, Wells Fargo, Bank of America, and Citi “Taxpayers shouldn’t be required to backstop oil and gas companies that were already in trouble prior to the…

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Posted in Banks Common Dreams Environment While we were looking elsewhere

From the while we were looking elsewhere department: New report takes aim at five banking institutions backing Amazon Rainforest exploitation

while we were looking elsewhere… Five of the world’s most powerful financial institutions are actively contributing to climate change by providing debt and equity financing for crude oil extraction projects in the Amazon.   by Eoin…

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