Banks pledge to fight climate crisis – but their boards have deep links with fossil fuels
by Emily Holden for Floodlight and Emily Atkin for He from Environment | The Guardian on (#5G8WV)
Analysis finds 77% of directors on boards of seven US banks have ties to climate-conflicted' groups, as banks continue to finance projects like the Line 3 oil pipeline
US banks are pledging to help fight the climate crisis alongside the Biden administration, but their boards are dominated by people with climate-related conflicts of interest, and they continue to invest deeply in fossil fuel projects.
Three out of every four board members at seven major US banks (77%) have current or past ties to climate-conflicted companies or organizations - from oil and gas corporations to trade groups that lobby against reducing climate pollution, according to a first-of-its-kind review by climate influence analysts for DeSmog.
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