Report ties Big Tech’s big savings to climate change
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Despite wanting and needing to reduce oil consumption, many countries are still largely fossil-fuel dependent. Above: An oil refinery operates near El Paso, Texas.
Patrick T. Fallon/AFP via Getty Images
A recent report shows that tech companies – many who have been at the forefront of climate action – could actually be aiding the expansion of the fossil fuel industry through their significant bank deposits. Bill McKibben, a longtime environmental activist and founder of the new climate advocacy group Third Act, helps us dive into what this means. President Biden is officially supporting a three-month suspension of the federal fuel tax to ease the pain at the pump. A group of renewable energy developers is ready to buy $6 billion in solar panels ... if they're American made.
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