GOOD

According to the Guardian, since the Paris climate agreement was signed in 2016, $700 billion (yes, with a b) in financing had been provided to fossil fuel companies by the world's largest banks. JP Morgan Chase alone provided $75 billion to expand fracking operations and Arctic oil and gas exploration. It's not great, considering the United Nations' Emissions Gap report says we have to cut emissions by 55% by 2030.

Between 2016 and 2018 Goldman Sachs invested $59 billion in fossil fuels, the industry's 12th biggest banker. Now, things are changing, and it's not just the climate. Goldman Sachs recently updated their energy policy for the 21st century, announcing they will no longer provide financing for new Arctic oil drilling or exploration for oil in the Arctic, including the Arctic National Wildlife Refuge. They will also stop investing in coal-fired power projects or new thermal coal mines anywhere in the globe. The policy doesn't cover fracking.

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Bank CEOs Give Themselves a Big Pay Raise in 2010 Guess How Much Bank CEO Pay Increased in 2010

Bank CEOs are out of the spotlight now, so they're taking big raises to make up for the last two years.

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Banks Are to Blame for Rising Food Costs

You never hear people blaming bankers for the deadly rise in basic crop prices, but they share a good part of the blame.


What's behind the spiraling cost of food? It's not just oil and the burgeoning appetites of Americans.

As Frederick Kaufman, the author of A Short History of the American Stomach explains in an article in this month's Foreign Policy, titled "How Goldman Sachs Created the Food Crisis":

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