Reinvestment

Since  the Paris Agreement went into effect in late 2016, 60 of the world’s largest private banks have funneled $6.9 trillion to the fossil fuel industry. Despite a wave of banks pledging to no longer finance the private prison industry between 2019 and 2021, many others are still funding the two largest U.S. private prison companies that have relied on bank loans to operate and expand. Tackling such global financial systems can seem impossible, but not when you talk to Stephone Coward, head of the Bank Black & Green campaign, an effort to funnel capital into Black-owned banks that commit to not funding the fossil fuel or mass incarceration industries.