Morgan Stanley
#12 in the world for fossil fuel financing
Your bank is failing on climate responsibility.
Morgan Stanley is one of the 60 biggest funders of fossil fuels in the world*. In the 9 years since the Paris Agreement, this bank has funneled $183 billion USD into coal, oil, and gas, rapidly accelerating the climate crisis.
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While you’ve been stashing away money for a car or a weekend get-away, Morgan Stanley has been using your savings to lend to some very questionable fossil fuel friends.
And it's not just a little here and there, we’re talking about $183 billion in the 9 years since 197 countries agreed to drastically reduce their greenhouse gas emissions in the Paris Agreement, making it one of the Dirty Dozen, the twelve most polluting banks in 2023. It is also one of the few banks to increase its fossil fuel financing in 2023.
As rankings go, Morgan Stanley has been the largest funder in liquified natural gas in the last decade. In 2023 Morgan Stanley was number 4 in financing of Ultra Deep Water Extraction, number 5 in fracked LNG financing and number 6 in LNG Expansion. Not the kind of charts you want your bank to score high in, if we are reaching towards a world which is and will stay livable.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
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