CelloMomOnCars , to random
@CelloMomOnCars@mastodon.social avatar

Fed Blocks Tough Global -Risk Rules for Wall Street Banks

ECB has been pushing to set requirements
US, European officials differ over approach for new standards

https://www.bloomberg.com/news/articles/2024-04-03/fed-blocks-tough-global-climate-risk-rules-for-wall-street-banks

CelloMomOnCars OP ,
@CelloMomOnCars@mastodon.social avatar

Clean energy spending set to reach twice that on fossil fuels, IEA reports

" in technologies will climb to $2 trillion this year, almost double the amount spent on fossil fuels, according to the International Energy Agency."

https://www.japantimes.co.jp/environment/2024/06/06/energy/clean-energy-rise/

The planet is at 1.5C warming this year.
WHY is fossil fuel financing still allowed to be at a trillion dollars??

brent ,
@brent@thecanadian.social avatar

@CelloMomOnCars

"WHY is fossil fuel financing still allowed to be at a trillion dollars?"

  • habits are hard to break
  • responsibility is easily shifted
  • FUD is easy to sell; when it fails, fantasies that "technology will save us" usually work
  • people lie to themselves first
  • people highly discount the future, even without rationalizations
  • key positions of power in govs and corps are filled by sociopaths
  • corpts not required to be "ethical"
  • "the system"
  • etc.
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