As banks collude on ESG policies to reshape economies so that they are in line with the preferences of banks and other financial institutions to divest in all 3 fossil fuels, it is a very dangerous precedent.
The Environmental, Social and Governance (ESG) factors climbing up the agenda in the banking industry would have banks divest in fossil fuels. This would lead toward a world like that in the 1800’s, the last time the world was “decarbonized”.
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No one wants to talk about overpopulation carrying capacity this is the biggest problem we are facing in my opinion? More people creates more waste. What happens to the Africa when they add another Billion people the rainforests will be no more?