Giant Spanish Bank spends €100 b on Earths weather, cos they are nice people

Giant Spanish Bank spends €100 b on Earths weather, cos they are nice people

This absolutely definitely is not about profits or money.

BBVA, the second largest bank in Spain, has launched a major new financing initiative to support sustainable development and combat climate change in the coming years.

Only gas and oil companies are “vested interests” seeking to profiteer from our demise.  Banks are charities:

BBVA Group Executive Chairman Francisco González said, “At BBVA, we want to play a key role in mobilizing resources to halt climate change and promote sustainable development. It is an ambitious, long-term goal in line with our purpose of ‘bringing the age of opportunity to everyone.’”

Apparently, the bank’s role is to change Earth’s climate, and “bring the age of opportunity to everyone”.

Do their shareholders know, I wonder?

Warning  — Meaningless acronym coming — SBTI:

BBVA has also become the first Spanish bank to commit to the Science Based Targets Initiative. The campaign helps major corporates work out how they have to cut emissions to prevent the impacts of climate change.

The group’s new strategy is called Pledge 2025

If you wanted to dress up a neolithic druid program to use windmills to slow storms, you’d call it “Science Based” too.

Yet again, Exxon are on trial because they “believe in climate change”  but spent $23 million or so on skeptics over ten years. Here’s a bank offering one hundred thousand million… It’s only 4347 times as much.

Plenty more money where that came from.

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Giant Spanish Bank spends €100 b on Earths weather, cos they are nice people, 9.5 out of 10 based on 2 ratings

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March 8, 2018 at 11:44AM

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