Banking into the abyss

Written By Peter Allan

Star Wars meme via Glen Peters

 

By Chris Hatch

Two big news items this week about the great pumps that drive our world. RBC emerged as the planet’s pre-eminent pump for the lifeblood of fossil fuels. And that torrent of money is overwhelming the great oceanic circulatory system vital to our living Earth.

You may have heard about RBC’s rise to the pinnacle of fossil-fuelled finance, knocking JPMorgan off its perch as the biggest banker of climate breakdown. Unless you follow climate news closely, you may not have heard that the breakdown includes the deep flows and “overturnings” that drive the currents circulating from the abyssal depths back up and around the Earth’s oceans.

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Peter Allan
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