"To keep the planet under 1.5 degrees of global warming and stop human rights violations, banks must stop financing extreme fossil fuels. Our planet just can't take it."
Notice the language here. Do you see any calls for governments to force banks to stop such investments? The lack of such calls is telling.
...12 of the 37 banks increased their financing to the top extreme fossil fuel companies from 2015 to 2016, after the Paris Agreement was inked...
This is even more telling. I find it hard to reconcile this with all of the rhetoric over how "good" the Paris agreement is supposed to be. This really just shows how generally unconcerned the banking and fossil fuel industries (and business as a whole) are with climate action.
JP Morgan Chase earned the dubious distinction of being the biggest Wall Street funder of extreme fossil fuels.
Frankly, I find it laughable that banks like JP Morgan Chase give a crap about their "reputation?" Their customers didn't leave in droves during the Great Recession, who here honestly believes that they'll leave in droves over their fossil fuel investments? There may be some hot air over "redeeming their reputation" but the reality is, as long as they continue to make tons of cash, they don't give two craps about their "reputation?" Who cares what the "unwashed masses" think as long as they stay compliant?