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Banking Giant Vows To Quit Funding New Oil And Gas Projects

Posted on 12/14/22 at 11:49 am
Posted by Auburn1968
NYC
Member since Mar 2019
19543 posts
Posted on 12/14/22 at 11:49 am

Banking Giant Vows To Quit Funding New Oil And Gas Projects



https://dailycaller.com/2022/12/14/major-bank-quit-financing-oil-gas-exploration/
Posted by ninthward
Boston, MA
Member since May 2007
20421 posts
Posted on 12/14/22 at 11:50 am to
lol ok
Posted by burke985
UGANDA
Member since Aug 2011
24627 posts
Posted on 12/14/22 at 11:52 am to
Right
Posted by Chimlim
Baton Rouge, LA
Member since Jul 2005
17712 posts
Posted on 12/14/22 at 11:53 am to
Posted by Skeet Mc
Member since Dec 2006
2850 posts
Posted on 12/14/22 at 11:56 am to
More financing opportunities for American banks?
Posted by TDTOM
Member since Jan 2021
14593 posts
Posted on 12/14/22 at 11:59 am to
They will get sued by their shareholders.
Posted by squid_hunt
Baton Rouge
Member since Jan 2021
11272 posts
Posted on 12/14/22 at 12:08 pm to
quote:

More financing opportunities for American banks?

Exactly. Competition is the ultimate motivator.
Posted by dat yat
Chef Pass
Member since Jun 2011
4317 posts
Posted on 12/14/22 at 12:17 pm to
quote:

More financing opportunities for American banks?

Exactly. Competition is the ultimate motivator.


Most banks in the oil belt already limit their exposure to O&G so the portfolio is more balanced. American banks in other regions are going to have to step in if too many bigs bail.
Posted by idlewatcher
County Jail
Member since Jan 2012
79195 posts
Posted on 12/14/22 at 12:34 pm to
Have they moved on from getting busted laundering the cartels cash?
Posted by memphisplaya
Member since Jan 2009
85813 posts
Posted on 12/14/22 at 12:38 pm to
quote:

Funding New Oil And Gas Projects



So when their buildings need maintenance, electricity, logistical distribution, construction for new buildings, buying new materials with a plastic card or issuing cards to cusomers, printing checks, using ink, issuing name tags for employees, working from any typee of technology oil products were used in are they going to work from the access to nothing.... OR is this just them rambling off to gain virtue signal points ?

Gee I wonder
Posted by TeaParty
Member since May 2022
935 posts
Posted on 12/14/22 at 1:23 pm to
So they can start by riding bikes to work. And then really show conviction and cut electricity to the buliding
This post was edited on 12/14/22 at 1:26 pm
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