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1. Ars Technica (arstechnica@mastodon.social)'s status on Friday, 22-Dec-2023 21:39:56 JST Ars Technica

   Banks use your deposits to loan money to fossil-fuel, emissions-heavy firms

   Your $1,000 in the bank creates emissions equal to a flight from NYC to Seattle.

   https://arstechnica.com/tech-policy/2023/12/banks-use-your-deposits-to-loan-money-to-fossil-fuel-emissions-heavy-firms/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

   • Bas Schouten (schouten_b@mastodon.social)'s status on Friday, 22-Dec-2023 22:19:11 JST Bas Schouten

     in reply to

     @arstechnica Uh.. But these are loans. This means that eventually these get repaid, when someone buys products from said companies... and then we're going to count the emissions again.

     This seems like very dodgy accounting to me..

   • Mostly Linux (mostly_linux@mastodon.social)'s status on Saturday, 23-Dec-2023 00:22:30 JST Mostly Linux

     in reply to

     @arstechnica fear-mongering that makes no sense. An insult to our intelligence.

   • AwattoAnalog (awattoanalog@mastodon.social)'s status on Saturday, 23-Dec-2023 06:06:18 JST AwattoAnalog

     in reply to

     @arstechnica

     Bold to assume that the majority of people have $1,000 in the bank in the closing days of 2023.

   • Z (sloenthusiast@mastodon.social)'s status on Saturday, 23-Dec-2023 20:20:24 JST Z

     in reply to

     @arstechnica which bank? They don’t all invest the same way.