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August 30th 2022
U.K. and U.S. banks among biggest backers of Russian ‘carbon bombs’
#2073 of 2565 articles from the Special Report: Race Against Climate Change
Canary Wharf, where HSBC, JPMorgan Chase and other global banking corporations have offices, is seen from Greenwich, southeast London. Photo by Nevalenx / Flickr (CC BY-SA 2.0)
Comments
Thanks N.O. a very informative article courtesy the Guardian.
Now, how about a deeper dive following up with every single institution found to be financing these projects.
As well, some assurance of no Canadian institution's involvement, or if not the case, an expose on any Canadian institution's involvement in these Russian carbon bombs which are duly harming the planet and Ukraine.
This article from 2022 was informative and exposed key paticipants in Russia's effort to get Western and Middle Eastern nations and banks addicted to cheap Russian fossil fuels.
What a difference a couple of years makes. Today, the Russian economy has been eroded down to the brink of collapse. So says eight finance ministers from the EU, several economists and institutions that study conflict, including how it is financed. Russia has not folded yet, but it's clear that Putin cannot continue this terrible war for years to come, probably not even one more year, let alone flog its fossil fuels to Europe which has imposed deep sanctions and has largely removed itself from dependency on Putin's oil and gas, with just a small contingent still hooked up.
Empire building through terrorism, mass destruction, war crimes and theft truly doesn't pay. Those who invested in the little dictator's efforts will suffer the consequences.