The four biggest US banks—Citi, Wells Fargo, Bank of America, and JPMorgan Chase—hold nearly 50% of all US deposits.
As these banks have directed more than $1 trillion in funds to oil and gas between 2016 and 2021, putting cash into them corresponds directly to carbon in the air.
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Tomorrow, the Weekend Brief will look at the top banks financing the fossil fuel industry since the Paris Agreement.
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