Google and PayPal are hiding most of their carbon footprint in their bank accounts

Google and PayPal are hiding most of their carbon footprint in their bank accounts

When companies calculate their carbon footprint, they start with their own operations: electricity used in offices or factories, or gas for company vehicles. Then they look upstream at their supply chain, and downstream at emissions produced when customers use their products. Banks use their clients’ deposits to make loans, and since 2015 global banks have lent at least $4.6 trillion to fossil fuel companies.