U.S. Banks Step Up to Finance Oil & Gas as Euro Banks Refuse

So often, we bring you news of Big Banks (and investment firms like the odious BlackRock) screwing fossil fuel companies either by refusing to lend to them or by pressuring other companies to "reduce" emissions (i.e., stop using fossil fuels). Last month, the State of Texas pulled $8.5 billion out of BlackRock over that company's use of ESG (environment, social, governance) litmus tests for the companies it invests in and controls (see Texas Yanks $8.5 BILLION Out of BlackRock re ESG). What you don't often hear about are the Big Banks that are stepping up to make MORE investments in oil and gas. Today, we have such a list, and we're proud to say they are American banks.

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