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Switching your bank might help slow the climate crisis
Switching your bank might help slow the climate crisis Ula Chrobak © Provided by Popular Science Your money is small to any given bank, but if everyone made greener choices it would make an impact. This is part one of our two-part guide to greener finance. Check out part two, all about your retirement account, . Fossil fuel companies rely to a surprising extent on funding from banks funding that comes, in part, from ordinary people’s bank accounts. And that means the bank you choose helps determine if those big energy companies can get financing. That’s the argument increasingly put forth by climate scientists and activists looking to put an end to the continued extraction of coal, oil, and natural gas. One way to do that is to put pressure on the big banks that make those operations possible in the first place.
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