Home / news / Climate Movement Takes Aim at Wall Street, Because ‘Money Is Only Language Fossil Fuel Industry Speaks’: “Stop the Money Pipeline” campaign demands that banks, insurers, and asset managers cut ties with planet-destroying companies.

Climate Movement Takes Aim at Wall Street, Because ‘Money Is Only Language Fossil Fuel Industry Speaks’: “Stop the Money Pipeline” campaign demands that banks, insurers, and asset managers cut ties with planet-destroying companies.

Climate Movement Takes Aim at Wall Street, Because ‘Money Is Only Language Fossil Fuel Industry Speaks’: “Stop the Money Pipeline” campaign demands that banks, insurers, and asset managers cut ties with planet-destroying companies.

View Reddit by maxwellhillView Source

6 comments

  1. Banks, insurers and asset managers are planet-destroying companies.

  2. This is the best tl;dr I could make, [original](https://www.commondreams.org/news/2020/01/09/climate-movement-takes-aim-wall-street-because-money-only-language-fossil-fuel) reduced by 88%. (I’m a bot)
    *****
    > According to the tenth annual Fossil Fuel Finance Report Card, released in March 2019 by RAN and other groups, 33 global banks have collectively poured at least $1.9 trillion into the fossil fuel industry since world leaders adopted the Paris climate agreement in December 2015.

    > As EarthRights International executive director Ka Hswa Wa put it: "Money is the only language that the fossil fuel industry speaks. For decades, the industry's game has been to pursue profit recklessly while shifting the costs onto local communities. Today, we have come together to announce that the rules of the game have changed and fossil fuel companies will be held accountable.”

    > "Our government won't move on climate so we have to move our money. The fossil fuel industry can't survive without its friends on Wall Street," Vondrich said.

    *****
    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/emofcv/climate_movement_takes_aim_at_wall_street_because/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~456723 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **Climate**^#1 **fuel**^#2 **fossil**^#3 **Money**^#4 **Stop**^#5

  3. Dream on. It’s a nice thought but it won’t happen

  4. Good. I’ve decided to stop using fossil fuels. I only use Green Energy and public transportation

  5. But they won’t because under capitalism money has no moral strings attached. So maybe they should take a step further and go after capitalism instead.

  6. We should require public companies to disclose their carbon footprint

Leave a Reply