Last December, the world agreed in the historic Paris climate accord not to burn most fossil fuels. To do that, some of the lowest-hanging fruit is halting the investment of hundreds of billions of dollars into the most expensive and extreme fossil fuels: coal, Arctic oil drilling, tar sands, deep offshore drilling, and liquefied natural gas (LNG) export.Of course, banksters are among the top capitalists who really govern our nation and much of the world through their Empire. And people who own and control banks (including the Federal Reserve, Bank of England, etc) and create money know that their support of profit-making enterprises requires energy, and the the cheapest energy are fossil fuels. Banksters, or their agents, like to go to climate conferences such as the one held last December in Paris because it is good public relations. At the latter meeting they came up with all kinds of nice sounding unenforceable promises that they have no intention of fulfilling.
So how is the world doing?
“Needs improvement” would be putting it charitably, according to a new report looking at the world’s biggest private-sector banks, which are still funding the industries that drive climate change to the tune of hundreds of billions of dollars.
When a few attorney generals in various jurisdictions try to go after major fossil fuel corporations, they find themselves victims of legal suits filed by these corporations. Read "Exxon Sues Second Attorney General In Response To Fraud Investigation". This major international corporation is using constitutional rights that were designed for people (see Citizen's United, 2010) as the basis for their suit.