This leaves us with a loose collection of small banks and credit unions who aren’t financing fossil fuels
Article: The changes come as Republican lawmakers step up efforts to punish businesses that consider climate change and the environment in their operations.
TL;DR: RepubliQans fucking everything up to destroy the planet, yet again
Comments: Dang Bank of America! oooo that bank! banks, right?! Let’s all make sure not to vote for the current Democrat
While true, it’s guilt by omission not to remind people that Biden has thoroughly broken his campaign promise of “no more drilling on federal lands”, and in fact granted even more drilling permits then Trump did before him.
It is not guilt by anything, you are not obligated to derail other discussions with information linked to the topic tenuously at best.
OP is about climate change and funding petroleum. Parent comment was about US party politics. My comment brought up petroleum drilling permissions in a US party political setting. Why don’t you think that is related?
It’s a commercial enterprise, not a government one
But governments passed the bills against sensible business practices, by preventing lending money to fossil fuel companies, which are obviously in significant danger due to additional government regulation in other areas. Bloody Communists! Sorry Republicans.
The biggest problem is that this is global, so we are going to see large international banks also dropping similar language, due to the US market being massive and it being hard not to get sued over this.
Even still, surely the laws preventing them from refusing to invest in coal and other fossil fuels are uncosntitutional?
“Listen, we thought you dirty hippies might actually be winning and figured we’d be early betting on that horse. But then money was still in the planet killing juice, so we’d rather make all the money.”
We’ve had one Earth, yes— but what about second Earth?
Oh my god, thats perfect, saved. =P
I don’t understand what compels people to use BOFA. It’s so fucking expensive to bank with them.
Right?
It must be their evil, corrupt, economy-destroying ways.
Citations:
https://www.cnbc.com/2023/07/11/bank-of-america-fined-fake-accounts-bogus-fees.html
what’s bofa
Bank of America
A bank founded by Sir Ligma
Honest answer? I have one of their CC that gives 3% on all online shopping/purchasing. Plus BoA has a program for all card members to get free entrance on the first weekend of each month to select museums.
Between both of those and paying it off each month, I like to think that I’m actually costing BoA a little bit of money (and getting some money from bank-hands into museum-hands)
The AMEX Blue Everyday card offers the same 3% cash back for online purchases with no yearly fee, along with their reputation for excellent customer service. Bank of America, on the other hand, has a reputation for atrocious customer service.
I will consider this. Is Amex a better organization than BoA? They both kinda seem like banking behemoths to me. Cust supp is nice, but it’s not something I use often.
I mean, environmentally, probably not substantially (Though BofA is known for being one of the worst offenders). But as far as credit card companies go, they seem like one of the better ones from a customer perspective.
A Debit card from a Credit Union would likely be the most environmental option, but seeing as in the US, Debit cards do not have the protections they do in the EU, I believe we’re stuck with using credit cards from companies that don’t give a crap about carbon emissions.
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Meanwhile, they invest in the worst markets. If you use a local credit union, your money goes into your community, with some you can vote on banking decisions (I use BECU), and all credit union ATMs are in network, so your fees get refunded.
I agree, I even have a savings account at a local CU. Tbh their dividends on that account have been disappointing. I may look into CDs through the same institution.
Considering I only have a CC through BoA, and I’ve explained how I believe I’m a net negative for them, how am I contributing to their investments? Perhaps they’re selling my data? Or perhaps I’m boosting their numbers by simply having an account? Honest question.
Downvotes for answering D: I’m not opposed to closing the account. But the museums alone could be costing boa 10-30/month, assuming each admission is paid out close to face value. Surely this helps the community more than a CU, and costs boa more than they could possibly make off me (since I pay no interest, and hold no checking/savings there).
CMV?
Bank of America announces new program where they go to the home of a customer picked at random and kill a puppy in front of them.
Shocking
Really showcasing BOFA’s ties to China 🇨🇳
Way to go Brian Moynihan, your grandchildren will certainly thank you later for this
Ha! Like his grandchildren will have a “later”…
I have mixed feelings about this one. On one hand, banks aren’t our friends. On the other, having ‘reluctant allies’ on a path towards a certain goal might be beneficial.
It’s possible to manipulate a capitalist into doing the right thing, as long as the right thing happens to be more profitable than the bad thing.
