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Petrochemical expansion is not inevitable — it is financed. Our new report traces $133B in bank financing and $1.6T in investor exposure behind US petrochemical growth — even as legal challenges, overcapacity, & cancellations mount Read: bit.ly/4uOHCga

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The collapse of finance could be a good thing, just as artificial scarcity of fossil fuel almost certainly would be a good thing, if we decide to survive, and existentially delicense an oil major. Simply financing renewables only props up big oil, by propping up finance.