News Archives St John Paull II - Justice, Peace, and Integrity of Creation
Fr. Séamus Finn, OMI Weighs in on Climate Crisis & Wall Street March 19th, 2021
Reading the writing on the wall’: why Wall Street is acting on the climate crisis
“They are getting pushed by the customer, by the science, by the general public.” — Fr. Séamus Finn, OMI
Wildfires burned nearly 10.4m acres across the US last year. The most costly thunderstorm in US history caused $7.5bn in damage across Illinois, Iowa, Nebraska and South Dakota. As the climate crisis swept the globe on a biblical scale it left in its wake a record number of billion-dollar disasters.
And yet out of these ashes has emerged an unlikely savior: Wall Street. After decades of backing polluters and opposing legislation to rein them in, finance says it’s going green.