Greenpeace | It’s the Finance Sector, Stupid

Banks, insurers and pension funds are as culpable for the climate emergency as the fossil fuel industry - especially those attending the World Economic Forum in Davos.To continue financing fossil fuel expansion is today’s equivalent of betting the bank - and the global economy - on subprime mortgage backed securities over a decade ago; fuelling a crisis, which even if it generates short-term profit, will inevitably cause economic catastrophe alongside the climate emergency