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Feb. 3, 2017 protest at Wells Fargo Bank. Joe Piette / Flickr / CC BY-NC 2.0

By Jessica Corbett

While most Americans are increasingly alarmed about the human-made climate crisis, Wells Fargo—the big bank known for "ripping off" college students and investing in "shady" industries—is under fire for approaching it as a way to make more money.

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By Katherine Wei

Private banks around the world are back to funneling more money into the global fossil fuel sectors in 2017, according to a report released today by Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Sierra Club and Honor The Earth.

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EcoWatch Daily Newsletter

Seattle City Council has voted to divest from Wells Fargo over the bank's role as a lender to the Dakota Access Pipeline (DAPL) and other business practices, including its financing of private prison companies, and a customer fraud case where employees opened as many as two million fake accounts.

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