There’s a good chance your bank is funding fossil fuels
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 16 May 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
Since the Paris Climate Agreement, banks together have funneled trillion into fossil fuel companies, according to the 15th Banking on Climate Chaos report. Last year, JPMorgan Chase was the No. 1 fossil fuel financier in the world. Some of the other top investors? Citibank, Wells Fargo and Bank of America. We’ll discuss. Then, the Federal Trade Commission is trying to crack down on fabricated reviews. Problem is, fake reviews are a global industry.
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Transcript
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| 0:00.0 | My name is Lee Hawkins. I've been a journalist for over 25 years. On my new |
| 0:08.8 | podcast, What Happened in Alabama, I get answers to some of the hardest questions about how things |
| 0:15.4 | came to be for many black Americans and the truth that must come before any reconciliation can |
| 0:21.6 | happen. I investigate my family history, my upbringing in |
| 0:26.2 | Minnesota and my father's painful nightmares about growing up in Alabama. What happened |
| 0:32.1 | in Alabama is a new series confronting the cycles of trauma for myself, |
| 0:37.0 | my family, and for many black Americans. |
| 0:40.0 | Listen now. Traditional revenue sources for public media and really the media at large are declining this year and we at marketplace are not immune to these trends. |
| 1:00.0 | We're currently tracking behind target for this budget year. |
| 1:03.8 | We are tightening up expenses, but the need for trusted grounded fact-based reporting as |
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| 1:26.7 | Now to the chances that money in the bank means money for the oil and gas industry. |
| 1:32.4 | I'm David Brancaccio groups focused on climate change |
| 1:35.6 | are drawing a line between banking and financing for industries that produce climate |
| 1:40.8 | altering gases. The biggest bank, |
| 1:43.3 | J.P. Morgan Chase, last year, has been labeled the top fossil fuel |
| 1:47.0 | financier in a new report by environmental groups. Others toward the top of the |
| 1:51.5 | list are the other big banks. |
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