{"id":3240,"date":"2021-03-17T18:51:23","date_gmt":"2021-03-17T18:51:23","guid":{"rendered":"https:\/\/escp.eu\/thechoice\/?post_type=tc-podcast&p=3240"},"modified":"2021-04-13T10:29:25","modified_gmt":"2021-04-13T09:29:25","slug":"why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels","status":"publish","type":"tc-podcast","link":"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/","title":{"rendered":"What is the role of financial institutions in quitting fossil fuels?"},"content":{"rendered":"\n

For this episode, we had the chance to discuss with Paul Schreiber<\/a> from Reclaim Finance<\/a>. We addressed the role of financial institutions in stopping the expansion of fossil fuels.<\/p>\n\n\n\n

Why is it necessary to stop the expansion of fossil fuels? <\/h2>\n\n\n\n

Solving the climate crisis will require us to reduce the amount of greenhouse gas emissions released into the atmosphere. Fossil fuels contribute to a large amount of greenhouse gas emissions. Hence, we must aim for an exit from fossil fuels. <\/p>\n\n\n\n

What is the role of financial institutions in exiting fossil fuels? <\/h2>\n\n\n\n

Financial institutions should stop financing projects and companies involved in the expansion of fossil fuels. Indeed, in order to continue developing such projects, companies need financing. If financial institutions refuse to finance them, it could significantly reduce the amount of fossil fuel projects.<\/mark> <\/p>\n\n\n\n

Why are financial institutions still investing in these types of projects? <\/h2>\n\n\n\n

The main reason why financial institutions continue to invest in fossil fuels is that fossil fuels are a reliable cash flow. Financial institutions fear the transition to quitting fossil fuels. <\/strong>This means that they tend to continue investing in these types of projects.<\/p>\n\n\n\n

Blackrock is a great example of greenwashing. Their advertisements on green energy do not match their financial decisions. <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

For this episode, Responsible Business had the chance to discuss with Paul Schreiber from Reclaim Finance. They addressed the role of financial institutions in stopping the expansion of fossil fuels.<\/p>\n","protected":false},"author":1,"featured_media":3258,"template":"","tags":[63,37],"podcast-category":[67,66],"class_list":["post-3240","tc-podcast","type-tc-podcast","status-publish","has-post-thumbnail","hentry","tag-finance","tag-sustainability","podcast-category-responsible-business","podcast-category-student-insights","description-off"],"acf":[],"yoast_head":"\nWhat is the role of financial institutions in quitting fossil fuels? - The Choice by ESCP<\/title>\n<meta name=\"description\" content=\"Responsible Business spoke with Paul Schreiber from Reclaim Finance on the role of financial institutions in stopping the expansion of fossil fuels.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is the role of financial institutions in quitting fossil fuels? - The Choice by ESCP\" \/>\n<meta property=\"og:description\" content=\"Responsible Business spoke with Paul Schreiber from Reclaim Finance on the role of financial institutions in stopping the expansion of fossil fuels.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/\" \/>\n<meta property=\"og:site_name\" content=\"The Choice by ESCP\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESCPbs\/\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-13T09:29:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/galen-crout-unsplash.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1900\" \/>\n\t<meta property=\"og:image:height\" content=\"1425\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@ESCP_bs\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/\",\"url\":\"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/\",\"name\":\"What is the role of financial institutions in quitting fossil fuels? - The Choice by ESCP\",\"isPartOf\":{\"@id\":\"https:\/\/escp.eu\/thechoice\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/galen-crout-unsplash.jpg\",\"datePublished\":\"2021-03-17T18:51:23+00:00\",\"dateModified\":\"2021-04-13T09:29:25+00:00\",\"description\":\"Responsible Business spoke with Paul Schreiber from Reclaim Finance on the role of financial institutions in stopping the expansion of fossil fuels.\",\"breadcrumb\":{\"@id\":\"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/#primaryimage\",\"url\":\"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/galen-crout-unsplash.jpg\",\"contentUrl\":\"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/galen-crout-unsplash.jpg\",\"width\":1900,\"height\":1425,\"caption\":\"Why do financial institutions have a big role to play in stopping the expansion of fossil fuels?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/escp.eu\/thechoice\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Podcasts\",\"item\":\"https:\/\/escp.eu\/thechoice\/podcast\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Student Insights\",\"item\":\"https:\/\/escp.eu\/thechoice\/podcast\/series\/student-insights\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Responsible Business\",\"item\":\"https:\/\/escp.eu\/thechoice\/podcast\/series\/responsible-business\/\"},{\"@type\":\"ListItem\",\"position\":5,\"name\":\"What is the role of financial institutions in quitting fossil fuels?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/escp.eu\/thechoice\/#website\",\"url\":\"https:\/\/escp.eu\/thechoice\/\",\"name\":\"The Choice by ESCP\",\"description\":\"The new media dedicated to choice makers\",\"publisher\":{\"@id\":\"https:\/\/escp.eu\/thechoice\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/escp.eu\/thechoice\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/escp.eu\/thechoice\/#organization\",\"name\":\"ESCP Business School\",\"url\":\"https:\/\/escp.eu\/thechoice\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/escp.eu\/thechoice\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/the-choice-main-image-logo.jpg\",\"contentUrl\":\"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/the-choice-main-image-logo.jpg\",\"width\":1200,\"height\":800,\"caption\":\"ESCP Business School\"},\"image\":{\"@id\":\"https:\/\/escp.eu\/thechoice\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ESCPbs\/\",\"https:\/\/x.com\/ESCP_bs\",\"https:\/\/www.instagram.com\/escpbs\/\",\"https:\/\/www.linkedin.com\/school\/escp-business-school\/\",\"https:\/\/www.youtube.com\/c\/ESCPBusinessSchool\",\"https:\/\/fr.wikipedia.org\/wiki\/ESCP_Business_School\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is the role of financial institutions in quitting fossil fuels? - The Choice by ESCP","description":"Responsible Business spoke with Paul Schreiber from Reclaim Finance on the role of financial institutions in stopping the expansion of fossil fuels.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/","og_locale":"en_GB","og_type":"article","og_title":"What is the role of financial institutions in quitting fossil fuels? - The Choice by ESCP","og_description":"Responsible Business spoke with Paul Schreiber from Reclaim Finance on the role of financial institutions in stopping the expansion of fossil fuels.","og_url":"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/","og_site_name":"The Choice by ESCP","article_publisher":"https:\/\/www.facebook.com\/ESCPbs\/","article_modified_time":"2021-04-13T09:29:25+00:00","og_image":[{"width":1900,"height":1425,"url":"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/galen-crout-unsplash.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@ESCP_bs","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/","url":"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/","name":"What is the role of financial institutions in quitting fossil fuels? - The Choice by ESCP","isPartOf":{"@id":"https:\/\/escp.eu\/thechoice\/#website"},"primaryImageOfPage":{"@id":"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/#primaryimage"},"image":{"@id":"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/#primaryimage"},"thumbnailUrl":"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/galen-crout-unsplash.jpg","datePublished":"2021-03-17T18:51:23+00:00","dateModified":"2021-04-13T09:29:25+00:00","description":"Responsible Business spoke with Paul Schreiber from Reclaim Finance on the role of financial institutions in stopping the expansion of fossil fuels.","breadcrumb":{"@id":"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/#primaryimage","url":"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/galen-crout-unsplash.jpg","contentUrl":"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/galen-crout-unsplash.jpg","width":1900,"height":1425,"caption":"Why do financial institutions have a big role to play in stopping the expansion of fossil fuels?"},{"@type":"BreadcrumbList","@id":"https:\/\/escp.eu\/thechoice\/podcast\/why-do-financial-institutions-have-a-big-role-to-play-in-stopping-the-expansion-of-fossil-fuels\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/escp.eu\/thechoice\/"},{"@type":"ListItem","position":2,"name":"Podcasts","item":"https:\/\/escp.eu\/thechoice\/podcast\/"},{"@type":"ListItem","position":3,"name":"Student Insights","item":"https:\/\/escp.eu\/thechoice\/podcast\/series\/student-insights\/"},{"@type":"ListItem","position":4,"name":"Responsible Business","item":"https:\/\/escp.eu\/thechoice\/podcast\/series\/responsible-business\/"},{"@type":"ListItem","position":5,"name":"What is the role of financial institutions in quitting fossil fuels?"}]},{"@type":"WebSite","@id":"https:\/\/escp.eu\/thechoice\/#website","url":"https:\/\/escp.eu\/thechoice\/","name":"The Choice by ESCP","description":"The new media dedicated to choice makers","publisher":{"@id":"https:\/\/escp.eu\/thechoice\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/escp.eu\/thechoice\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/escp.eu\/thechoice\/#organization","name":"ESCP Business School","url":"https:\/\/escp.eu\/thechoice\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/escp.eu\/thechoice\/#\/schema\/logo\/image\/","url":"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/the-choice-main-image-logo.jpg","contentUrl":"https:\/\/escp.eu\/thechoice\/wp-content\/uploads\/the-choice-main-image-logo.jpg","width":1200,"height":800,"caption":"ESCP Business School"},"image":{"@id":"https:\/\/escp.eu\/thechoice\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ESCPbs\/","https:\/\/x.com\/ESCP_bs","https:\/\/www.instagram.com\/escpbs\/","https:\/\/www.linkedin.com\/school\/escp-business-school\/","https:\/\/www.youtube.com\/c\/ESCPBusinessSchool","https:\/\/fr.wikipedia.org\/wiki\/ESCP_Business_School"]}]}},"_links":{"self":[{"href":"https:\/\/escp.eu\/thechoice\/wp-json\/wp\/v2\/tc-podcast\/3240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/escp.eu\/thechoice\/wp-json\/wp\/v2\/tc-podcast"}],"about":[{"href":"https:\/\/escp.eu\/thechoice\/wp-json\/wp\/v2\/types\/tc-podcast"}],"author":[{"embeddable":true,"href":"https:\/\/escp.eu\/thechoice\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/escp.eu\/thechoice\/wp-json\/wp\/v2\/media\/3258"}],"wp:attachment":[{"href":"https:\/\/escp.eu\/thechoice\/wp-json\/wp\/v2\/media?parent=3240"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/escp.eu\/thechoice\/wp-json\/wp\/v2\/tags?post=3240"},{"taxonomy":"podcast-category","embeddable":true,"href":"https:\/\/escp.eu\/thechoice\/wp-json\/wp\/v2\/podcast-category?post=3240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}