Why tech giants’ cash is a hidden source of greenhouse gas emissions
by Justine Calma from The Verge - All Posts on (#5ZCST)
Climate activists target banks in Germany's financial capital. Even tech companies that have promised to slash their greenhouse gas emissions have a big climate-related blind spot, according to a new report published by three environmental groups. With their cash and investments, Google, Apple, Meta, and other tech giants are indirectly financing fossil fuel companies.
While these companies might have taken steps to cut down on pollution within their own operations and supply chains, the financial institutions they bank with still funnel Big Tech's profits into heavily polluting industries. Emissions associated with that financial activity are so significant that they actually far exceed emissions from each company's operations, the report finds.
Financial institutions they bank with still funnel...