Google and PayPal are hiding most of their carbon footprint in their bank accounts ...Middle East

Quartz - Economy
Google and PayPal are hiding most of their carbon footprint in their bank accounts
source : Quartz ( Middle East ) () 46
When companies calculate their carbon footprint, they start with their own operations: electricity used in offices or factories, or gas for company vehicles. Then they look upstream at their supply chain, and downstream at emissions produced when customers use their products. But that approach leaves out a source of emissions that, for some companies, could exceed all the rest put together: the money in their corporate bank accounts.Banks use their clients’ deposits to make loans, and since 2015 global banks have lent at least $4.6 trillion to fossil fuel companies. That’s why for some corporations—especially those whose products are not especially carbon-intensive on their own—choosing a ba

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