Most new fossil fuel projects are built with borrowed money – potentially yours
Randell Leach is CEO of Beneficial State Bank and Denis Hayes is CEO of the Bullitt Foundation.
Banks need to stop reckless profiteering that threatens our financial system and instead invest in resiliency.
That’s a less diplomatic phrasing of the message from President Biden’s recent Executive Order on Climate-Related Financial Risk, which recognizes that continued financing of fossil fuel projects represents a huge risk to the U.S. and world economies.
Every loan a bank makes carries risk. If paid enough to take a risk, banks will. And if a bank believes it can pass the cost of a risk to someone else, it will do that too.
CATTLEGATE: 2 Land Titans Vie For Massive Swath Of Easterday Property In Southeast Washington nwnewsnetwork.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwnewsnetwork.org Daily Mail and Mail on Sunday newspapers.
Anna King/NW News Network
Audio for this story will be available soon.
Nearly 12,000 acres of Easterday family farmland in Benton County will likely sell for more than its $210 million asking price, according to court documents and sources with knowledge of the deal.
Two big players are vying for the sweeping property near the Columbia River: Farmland Reserve’s AgriNorthwest, which is backed by the The Church of Jesus Christ of Latter-day Saints, and Seattle-based Bill and Melinda Gates’ Cottonwood Ag Management.
The highest bidder will be confirmed at a bankruptcy auction held next week.
The deal is subject to the federal court’s sale hearing on July 14.
Photo by Flickr/U.S. Army Corps of Engineers
Fifty-one years is a long time a good run. Certainly not a momentous year, or milestone. That was last year. But this year I launched The NetPositive Podcast and for our podcast’s first Earth Day, we feature an interview with Denis Hayes. He was the national coordinator of the first Earth Day in 1970, and founder of the Earth Day Network. He is credited with creating the largest secular movement in the world.
By 1990, Earth Day was “mobilizing” 200 million people in 190 countries. By now, and in collaboration with 75,000 partner organizations, Earth Day has mobilized a billion people worldwide.