Hope, courage, love, and solidarity
“Life is the art of encounter, even though there’s so much disagreement in life” sings Vinicius de Moraes in “The Blessings Samba.” Pope Francis surprised Latin America using this poetic line in “Fratelli Tutti,” calling for universal brotherhood and a culture of encounter.
Joe Biden and Kamala Harris bring confidence, courage, love, and solidarity, a new climate of hope. Americans are coming together, restoring the respect and care of our Common Home, based on science. “It’s better to be happy than be sad,” says Vinicius.
In a democracy, people have the power to choose, Biden and his team will follow the Constitution. This is also a huge win for the climate emergency. Everything we do must be aligned with global decarbonization to avoid warming beyond 2°C by 2030. Noam Chomsky says we are facing a stark cruel dilemma.
Fracking is done at a much deeper level than standard oil and gas extraction, it pulverizes the earth’s bedrock leading to the release of uranium.
Last month, a Nature study found radiation data of 120,000 fracking wells (from 157 US fracking sites) and concluded that radioactivity of airborne particles is significantly higher within a 12-mile radius of fracking areas as compared to non-fracking sites.
The flowback water is rich in radioactive material and the radioactive elements may contaminate surrounding habitats, including wildlife areas and human communities. The spillage of flowback water is common. With the addition of new scientific findings, a convincing set of scientific data establishes fracking-induced radioactive transmission through air and water.
Last month, a peer-reviewed report found highly radioactive particles from wastewater flowing out of wells. In the U.S. there are over 1.5 million unregulated wells and 13 million metric tons of methane emissions per year approved by the Donald.
The Arkansas Fayetteville Shale has over 11,000 unplugged and abandoned wells.
Last month, “The Great American Oil & Gas Massacre: Bankruptcies Hit New Milestone as Bigger Companies Let Go” shows the high risk of fracking, with $89 billion bankruptcy debt in 2020.” Banks holding fracking assets may not have money to cash your checks.
Turning banks green
Big Banks use our deposits to fund large projects and make profits for their shareholders and top managers.
The old bank business model is broken. Banks have great office buildings to inspire trust and attract clients. They use your money to make loans, making high profits by keeping the money flowing, charging fees at every step. Deposits are insured and big banks are bailed out, “too big to fail.”
The new business model gives clients a voice on the investments made by the banks, not only to make profits, but to protect the environment and stop carbon emissions. Green Banks get advice from biologists, ecologists, soil scientists, and energy experts. They send easy to read online summary reports to clients disclosing the sustainability of everything they do. Forests and trees are spared with paperless, secure, online transactions.
JP Morgan’s Risk project report
On January 14, 2020, JP Morgan confirmed the climate risk. Our home is on fire, let it burn, was JP Morgan’s decision. The report says, “business as usual (BAU) will be the path policymakers follow in the years ahead. It remains to be seen what the consequences of this will be, but one thing is sure: BAU opens the earth to a greater likelihood of a catastrophic outcome from the fat upper tail of the probability distribution. It also increases the likelihood that the costs of dealing with climate change will go up as action is delayed. And finally, it increases the likelihood that the changes in the climate will be irreversible.”
Go local, community banks run by your neighbors can do all you need using the same software as the Big Banks.
If you have investments with JP Morgan, send an email to their top officers: Thasunda Brown Duckett, firstname.lastname@example.org, and Sol Gindi, email@example.com. Tell them about Green Banks. If they want to keep fracking, take out your money and protect your family.
Dr. Luis Contreras