Greenpeace: Asset managers are 'ignoring' climate impact of bitcoin

Fossil fuels usage

Cristian Angeloni
clock • 2 min read

Greenpeace has called on the world’s biggest asset managers to tackle the impact their investments in bitcoin have on the climate.

In its Investing in Bitcoin's Climate Pollution - Big Finance is Betting on Dirty Bitcoin report, the organisation found financial services companies are adding to increased pollution and wider usage of fossil fuels by investing in and offering new products and services linked to bitcoin. Greenpeace said that in 2022, 62% of the electricity used for bitcoin mining globally - which it noted "consumes as much electricity as entire countries" - came from fossil fuels. The organisation pointed the finger at BlackRock, Fidelity Investments, Vanguard, Citigroup, JP Morgan Chace and Goldman ...

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