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.
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?