Discover is okay, Capital One not at all
Discover Bank lends only to individuals and has historically been a safe bank to do business with for that reason.
However, it is in the process of being acquired by Capital One. Capital One is one of world’s biggest funders of fossil fuels. At the end of 2023, it had $2.7BN of loans to the oil & gas industry.
We would therefore urge you not to open new bank accounts with Discover.
Bank.Green was founded on the belief that banks have had an easy time from their customers for too long. Mass movements will pull us out of the climate crisis – and they’ll pull Discover Bank out, too.
We can’t say it better than environmentalist Bill McKibben: “Money is the oxygen on which the fire of global warming burns.” But don’t wait for the fire department to turn up – join us!
Learn about the issues via our blog updates
Join our campaigns to take action against fossil finance
Discover other ways to divest from fossil fuels