Voix du Paysan trains and informs citizens: a commitment to social and climate justice.
As heatwaves, wildfires, and floods devastate the planet, a damning new report reveals that banks continue to pour massive funds into fossil fuels. Between 2021 and 2024, 65 of the world’s largest financial institutions invested over $1.6 trillion into coal, oil, and gas projects, according to the Banking on Climate Chaos report. These investments defy the International Energy Agency’s recommendation to halt any new fossil fuel infrastructure in order to preserve a livable planet.
Instead of investing in climate solutions or supporting the communities most vulnerable to climate breakdown, these banks prioritize the interests of major polluting corporations. One of the worst offenders is the Japanese megabank MUFG, a key financier of the Rio Grande LNG methane export terminal in Texas, developed without the consent of local and Indigenous communities. Community organizer John Sultan Toly denounces this blatant injustice: Lives are being sacrificed for profit.
For John Sultan Toly, the urgency is clear: citizens must hold financial institutions accountable. He urges people to get informed, join climate justice movements, and support communities resisting destructive projects. This fight belongs to all of us. As long as banks fund climate chaos, we will raise our voices to protect our shared future, he concludes.
The Editorial Team
John Sultan Toly Sounds the Alarm: How Banks Fuel Climate Chaos Instead of Supporting Communities
