Category Archives: Banks and Finance

The Pandora Papers show the scale of global web of deceit for the rich and powerful

By Joe Montero

The attest trove of leaked documents to go public have become known as the Pandora Papers. Those that have been released implicate 35 current and former world leaders, and the list includes about 400 Australians. Continue reading The Pandora Papers show the scale of global web of deceit for the rich and powerful

Global banks ‘failing miserably’ on climate crisis by funnelling trillions into fossil fuels

This article by Patrick Greenfield and Kalyeena Makortoff (The Guardian 18 March 2020), provides a timely warning. Two of them Citi and JP Morgan Chase happen to be the principal owners of the Commonwealth, Westpac, NAB and have a big stake in the ANZ. They control the banking system is Australia. They are ultimately responsible for all that happened and led to the Royal Commission last year and more. They also operate on a global scale. Collectively, a small group of banks dominate the global financial system. This article concerns their role in funnelling trillions into the fossil fuel industry, making them major factor in the climate crisis.  It’s important to know what they’re doing.

Continue reading Global banks ‘failing miserably’ on climate crisis by funnelling trillions into fossil fuels