Case study · Climate

You’re already paying for the warming.

Every gallon. Every kilowatt-hour. Every dollar to a bank that finances the wells.

Climate is not a future problem. It is already on the receipt. The money trail from your pocket to the well does not take a complicated investigation. It takes a credit card statement, a utility bill, and a savings account. Every transaction is already a vote being cast for or against the system warming the planet. You have not been asked to choose. The choice is being made for you.


The financing

Banks have lent $7.9 trillion to fossil fuels since the Paris Agreement.

$7.9T¹

Total fossil fuel financing by the world’s 60 largest banks between 2016 and 2024 — the years after every major economy signed an agreement to phase the industry down.

The deposits funding those loans came from chequing accounts, savings accounts, mortgages, and retirement contributions. Most depositors did not know. None were asked.


The supply chain

75% of corporate emissions sit in suppliers, not the company you buy from.

75%²

Scope 3 emissions — the carbon embedded in a company’s supply chain — account for roughly three-quarters of the total footprint of an average product. Companies report them. Buyers cannot read them.

The disclosures exist. They are written for regulators and rating agencies, in formats designed to be skimmed by analysts at quarterly meetings. They are not designed to be a tool for the person paying the bill.


The bill, again

Climate damage is now $250 billion per year and rising.

$250B³

Annual global cost of weather and climate disasters as of 2024, on a curve that has tripled in two decades. The cost is paid through insurance premiums, taxes, rebuilding, and lost work.

The polluter does not pay. The buyer does. Twice. Once at the pump, once at the premium.


What changes

Buyer-written terms make the disclosures readable.

A free app on every phone, capable of writing climate terms into every transaction it can read, qualifying suppliers that meet them, and disqualifying the ones that do not. The same disclosures companies already file, processed against a standard buyers actually wrote. Aggregated across millions of buyers. Auditable. Enforceable.

Politics did not fix it. Buyers can.


References
1
Banking on Climate Chaos 2024 report, by Rainforest Action Network, BankTrack, and partner organizations. bankingonclimatechaos.org
2
CDP, Transparency in Transition: Disclosure for a Net-Zero Economy. Scope 3 emissions average roughly 75% of total corporate emissions across sectors. cdp.net
3
Swiss Re Institute, Natural catastrophes in 2024. Insured losses from natural catastrophes have averaged approximately $151B annually over the past decade, with total economic losses substantially higher. swissre.com