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Your Money Is Funding Fossil Fuels Without You Knowing It (www.wired.com)
submitted 10 months ago* (last edited 10 months ago) by silence7@slrpnk.net to c/climate@slrpnk.net
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Archived copies of the article: archive.today ghostarchive.org web.archive.org

By switching to a climate-conscious bank, you could reduce those emissions by about 75 percent, the study found. In fact, if you moved $8,000 dollars—the median balance for US customers—the reduction in your indirect emissions would be twice that of the direct emissions you’d avoid if you switched to a vegetarian diet.

The big one in the US is Amalgamated Bank. Others are listed here

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[-] AnneBonny@lemmy.dbzer0.com 8 points 10 months ago

Here is the analysis:

https://drawdown.org/sites/default/files/pdfs/Saving%20for%20the%20Planet_Drawdown%20Labs%20Report.pdf

According to a new analysis, for every $1,000 dollars the average American keeps in savings, each year they indirectly create emissions equivalent to flying from New York to Seattle.

That is 235.10 kg CO2.

https://www.icao.int/environmental-protection/CarbonOffset/Pages/default.aspx

https://applications.icao.int/icec/Methodology%20ICAO%20Carbon%20Calculator_v11.1-2018.pdf

[-] activistPnk@slrpnk.net 1 points 10 months ago

On page 8 there is a claim that switching to an EV reduces CO₂ emissions, but they probably don’t realize that the old car just gets shipped to Africa where it continues emitting indefinitely.

this post was submitted on 21 Dec 2023
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