The fossil fuel industry needs the finance industry- comprised of banks, asset managers and insurance companies- the way humans need air to breath. That is why Bill McKibben says ‘money is the oxygen which fires global warming.’ He makes a cogent argument that the oil industry would be crippled if banks decided not to provide loans. If crippling the oil-extraction industry sounds good to you, listen in.
The reading list;
Because we recognize the necessity of personal accountability for our actions, because we accept responsibility for a building a durable future and because we believe it is our patriotic duty as citizens to speak out, we must insist the United States transform it’s energy sector, over the next decade, under a just and equitable plan, that uses regulations, investments and a price on carbon to safeguard our collective future.
Thanks for listening.