Big Tech comes off badly in a new study that examines the effect of their banking policies on their total emissions.
, has announced a new offshore drilling project in Guyana. Canada has approved 60 new wells to be drilled in the Flemish Pass near Newfoundland. The lead company on that project, Equinor, banks with Chase and Bank of America.
On the other hand, among Big Tech companies, Meta is No. 8, Tesla is No. 6, Amazon is No. 5, Alphabet is No. 4, Microsoft, No. 3, and Apple, No. 2. All these companies have net-zero targets. Thesays, “If they decided to pressure the banks, it would be a battle of giants. And the banks would have to consider not only who’s on top now but who’s likely to stay there. It’s pretty hard at present to make a case for Exxon’s long term future, though Amazon seems likely to last.
According to Rockefeller heir and BankFWD co-founder Peter Case, “The financial system can be one of two things — a driver of sustainable growth or a driver of climate chaos.” Theputs a fine point on things. “If Big Tech pushes Big Money to cut off Big Oil, we could see the shifts that have eluded us in the climate fight thus far, and that scientists insist we need to make. It could be a true turning point in the crisis.” Carbon capture? Geo-engineering? Pish tosh.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
North Korean IT Workers Are Infiltrating Tech CompaniesPlus: The Conti ransomware gang shuts down, Canada bans Huawei and ZTE, and more of the week’s top security news.
Read more »
At Tech Companies, the Rebellion Against the Return to the Office Is Getting SeriousSome of the economy’s most in-demand employees are about to find out how much power they have over where and how they do their jobs.
Read more »
All the biggest Bay Area tech companies that have paused hiringEven the most well-known tech companies are facing stagnating growth and stalled hiring.
Read more »
7 big mistakes college grads make when it comes to finding their first jobThe top stories of the day from the latest newscast from KSAT12, the leader in local, breaking news in San Antonio and South Texas.
Read more »
Buffalo shooter's livestream sparks criticism of tech platforms over content moderationThe attack in Buffalo became the latest in a pattern of livestreamed mass shootings, but live videos pose a particularly difficult task for content moderators.
Read more »
What the Tech? Gifts for Graduates - Alabama NewsHere are a few tech gadget gift ideas for graduates that'll stand out.
Read more »