Put Your Money Where Your Heart Is
This is a tough one. The financial industry’s involvement in the climate crisis is complicated. Here is where you’ll want to do your own research and see what works for you while still taking even a small step in the right direction. A recent report from https://www.bankingonclimatechaos.org/ shows that U.S. banks dominate fossil fuel financing. JPMorgan Chase remains the world’s worst funder of climate chaos and Citi, Wells Fargo, and Bank of America are still among the top 5 fossil financiers.
If your money is with these banks, it might be time to move it to where your heart is. Learn more and compare environmental banks at www.mightydeposits.com .
Start small. Move only some money. Start new accounts for babies and students with a new bank. Switch your credit card(s). The bottom line is that your money does talk. Banks wield tremendous power. So do you.
“All it takes is one good person to restore hope.” Pope Francis (LS71)
For more information about the Laudato Si Circle here at St. Francis or to share your own tip of the week, email stfrancislaudatosi@gmail.com