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WEBFI-TECH-Climate activists push for banks to divest from fossil fuels



Environmentalist Bill McKibben and his group Third Act, along with Valerie Rockefeller and her group BankFWD, are pushing for people over 60 to cut ties with banks that invest in fossil fuels. They joined CBS News to discuss how the initiative aims to force financial institutions to address the climate change crisis.

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23 Comments

  • Eleanor on January 28, 2022

    The whole truth about the coronavirus. Watch the video you will be shocked EVERYDAY.CF Let`s take the moment to appreciate how much effort he puts into the content for us…

  • Dr. Ryan on January 28, 2022

    I break my insulin needles off in my stomach so I can pretend to be a porcupine

  • Science beats Religion on January 28, 2022

    That would be great
    🙂

  • Jessica Zane on January 28, 2022

    These people are literally like vegans. They always need to annoy everyone else and get everyone to believe what they believe or you're wrong and stupid.

  • John Chiu on January 28, 2022

    "Global Warming" the damn weather does not always cooperate.
    Now "Climate Change" to keep the scam relevant.
    The self serving manipulation has not changed.
    "The world is going to end in 12 years if we don't address climate change,' AOC(politician/bartender/climate expert)

  • ooga booga on January 28, 2022

    lmao folks are dumber every day. thanks to fake news. the new comedy central.

  • youtube censored me again on January 28, 2022

    Go live in the woods with no petroleum based products if u think the earth needs saved. Leave the rest of us alone to live as we see fit.

  • ashes on January 28, 2022

    Is that because Google dictated it. EV don't replace work trucks, EV don't replace the jobs lost, EV don't replace wages lost, EV don't replace the family's displaced, EV don't replace homelessness.

    The corporation is on a dictatorship roll and mandate. Someone needs to address the elephant in the world.

  • Said Mohammed on January 28, 2022

    Electric cars need charge from the electric produced by fossil fuels
    Wind and solar electric depend on the nature .no wind no power no sun in the night no power. In addition they only produce 40% of the installed capacity that means you pay 100 % to get 40 %. Manufacturers can not depend on them where the manufacturers need to produce profits.
    Stopping fiance to fossil fuel drive the cost of it as the dependent on fossil fuels yet has no available replacement technology. Stopping the financial will cut power to many house hold and not manufacture. The effort should put into improving the efficiency of the fossil fuel machines as most have less than 60% and hence can reduce emissions.

  • Анастасия Маслак on January 28, 2022

    jmvono

    VUN.RENT

  • Wen Chai on January 28, 2022

    "We recommend to President Biden to reduce the population in America by 99% to reduce green house gases", Financial Institutions.

  • Arakhan harshtrade on January 28, 2022

    I don't care about Greta Turdberg

  • Paul Petock on January 28, 2022

    My question is what companies have the 890 million dollar Rockefeller fund invested into ? Are these investments beneficial to the planet ? If so keep up the good work ! The transition from oil will happen when changes in technology offer a less costly alternative . As of today the oil and gas industry are too important for the welfare of million to just shut off .

  • SC 358 on January 28, 2022

    I want a food and energy crisis, let's flip the switch way before we're ready – makes a lot of sense. Not like traditional energy has its place and is needed to make the transition

  • R Montrose on January 28, 2022

    Biden is such a phony saying he wants climate change out one side of this month. Biden has now outpaced Donald Trump in issuing drilling permits on public lands.

  • String Monkey on January 29, 2022

    Here we go again. Let's fuel our cars with electricity made from coal fired plants. China building a coal plant a week. Do you really think pollution won't cross an ocean? Looks like nuclear is the way to go, but Hillary sold our resources to Russia. Why would I take someone else's opinion on banking, or anything else. Think for yourself. If you are over 60, why worry anyway.

  • hangender on January 29, 2022

    so boomers should put their retirement 401k at risk in order to invest in woke energy? Somehow I don't think they will do that.

  • Haywood Jablowme on January 29, 2022

    "DAVOS CRIMINALS push for banks to divest from fossil fuels"… fixed title for you.

  • Kareem Salessi on January 29, 2022

    "Climate-Crisis"===Record-Breaking-Freezing-Temperatures in North America, and around the world. !!

  • Kareem Salessi on January 29, 2022

    Coal-is-the-only-fossil-fuel, made of fossilized trees, NOT oil. For proof, youtube::: (Oil is NOT fossil Fuel)

  • Tony Smith on January 30, 2022

    Make sure people can't heat their homes while culling the population with your experiential drugs is just brilliant

  • tearl on February 5, 2022

    Clean and renewable energy is a great goal, and someday we will reach it. But for now, setting limits on when it has to happen when the technology is not there to support it is really unrealistic.

  • Paul Standaert on February 15, 2022

    Are you upset about the banks not divesting from fossil fuels? You can hurt them if the general consumer would divest from banks. Most people reading this have a car payment. Most people reading this use a credit card.
    And there are other places in the world from where to borrow money, so the oil companies can just borrow from them instead, and thus make those other nations richer.
    And honestly, the technology to get off of fossil fuels isn't there. When the high temperature for the day is 10 degrees fahrenheit or less for the week, the solar panels are covered in snow, it is cloudy, there's no wind, and it is dark from 5pm to 8am, I would like an explanation as to how I am going to stay warm.
    When the farm equipment goes out to harvest crops, good luck running that stuff with current battery technology. In order to do it with hydrogen as a fuel, you would need to liquefy it which takes a ton of energy and dramatically reduces the efficiency of the whole process. Otherwise, the energy density is not sufficient.
    Perhaps one day energy storage technology will become good enough to make it happen, and when it does, I see no reason to continue using fossil fuels.

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