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Why you should consider being part of the sacrifice event

Why you should consider being part of the sacrifice event

PULSE OXYGEN sacrifice looks to create a group of people who look after a green and sustainable future for blockchain. One of the intended goals of proof-of-stake blockchains like Pulse Chain is to use greener technology to help combat climate change.

If you agree to this, you can show your support by participating in the PULSE OXYGEN Sacrifice: https://pulseoxygen.xyz/

If you support this move and participated in the sacrifice, you will receive free chips from the air. These PO2 do not have a directly associated value. Remember, this is not an investment of any kind, you should not have expectations of profit from the work of others. This is a sacrifice to show that you support a green future in the Pulse Chain network.

  • Do NOT sacrifice directly from an Exchange. Sacrifice from your own wallet. You can send from MetaMask, Trust Wallet, Trezor and/or MEW.
  • Sacrifice will accept ETH and the following ERC-20 tokens: HEX, WBTC, USDC, DAI, USDT, other EVM chains that will be accepted are: Binance Smart Chain BEP-20, Polygon and Avalanche. Accepted tokens on these chains are USDT, BUSD, USDC, BNB, AVAX, and MATIC.
  • For your information, you can sacrifice more than once. If you need an ERC-20, BEP-20, Avax or Matic wallet, download MetaMask.

For participating in the Sacrifice, you will receive points. Anyone with these points will be airdropped a free token called PO2. All sacrifice participants will be held in high regard by the project for believing in and supporting a green cryptocurrency future on #PulseChain.

Official channels:

– Website: https://pulseoxygen.info/

– Sacrifice Website: https://pulseoxygen.xyz

– Telegram: https://t.me/pulseoxygen

– Twitter: https://twitter.com/PulseOxygen

– Medium: https://medium.com/@pulseoxygenfoundation

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Pulse Oxygen Ecosystem

Pulse Oxygen Ecosystem

Pulse Oxygen has developed a sustainable and ecological business model that will revolutionize the concept of CONTAMINATION.

It is a native PulseChain project and once released it will be cross-chain.

As we have explained, the production rate of the planet is directly proportional to the waste it produces, either by waste or by greenhouse gas emissions, where CO2 stands out.

PO2 token

The project starts with the creation of the PO2 token.

This token, as explained on the web, is about to be issued through a sacrifice with which there will be different bonuses depending on when the investment is made. (see link)

PO2 = 1000 Points

What is PO2 needed for?

The PO2 will be the token with which the others are bought, that is, the exchange asset with which you can enter the Pulse Oxygen economy.

TCO2 and TO2

On the one hand, we have the TCO2. This token offers a scalable solution to reduce carbon emissions in all energy and industrial sectors. Also, innovative efforts have focused on increasing the use of carbon capture technologies. The best-known sectors are

 

Aviation, Oil Industries, Mines…

aircraft

TCO2 will allow all those companies to adapt their CO2 emission rights to their demand and will allow them to speculate with said assets.

Otherwise, it will be able to transform that PO2 or TCO2 into TO2. To do this, this exchange encourages the creation of renewable energy sources.


PO2 — TCO2 — PCO2


In summary, it will be possible to exchange these 3 tokens without a problem, but for this, it will be necessary to start from the PO2, so the sacrifice will be essential. Therefore, the creation of these digital assets allows the entire planet to be integrated into a project that aims to adapt to the difficulties of today’s consumer society, allowing, from the continent to the individual, to improve our planet without having to change everything. already created.

Official channels:

– Website: https://pulseoxygen.info/

– Sacrifice Website: https://pulseoxygen.info/

– Telegram: https://t.me/pulseoxygen

– Twitter: https://twitter.com/PulseOxygen

– Medium: https://medium.com/@pulseoxygenfoundation

 
 
 
 
 
 
 
 
 
 
 
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Major Banks Favor Fossil Fuel Financing Over Climate Goals

Major Banks Favor Fossil Fuel Financing Over Climate Goals

Most of the world’s largest banks and asset managers are failing to put into action their climate goals.

Three major banks recently rejected shareholders’ proposals to align lending practices with climate targets while three more will do the same.

Shareholders of Citigroup, Wells Fargo, and Bank of America passed resolutions to end support for fossil fuels. A specific resolution from Citigroup shareholders proposed that the bank,

“…adopt proactive measures to ensure that the company’s lending and underwriting do not contribute to new fossil fuel supplies.”

It was denied the same with similar resolutions from the two other banks.

Banks’ Climate Goals Versus Actions

Banks have been pumping about $4.1 trillion of financing to the oil, gas, and coal sector via loans and bond sales since the Paris Agreement in 2015. $656 billion of that was for last year only.

The three major banks named have poured a total of $789 billion into fossil fuels from 2016 to 2021$199 billion of that accounted for 2021 financing alone.

Worse is that Wells Fargo has the biggest fossil fuel funding increase from 2020 to 2021 ($20B more).

The chart below shows the banks supporting fossil fuels, with JP Morgan topping the list.

Bank-Fossile-Fuels-1536x756.jpg

Shareholders of those banks demanded that they act according to their climate goals. This means taking actions in line with the banking sector’s net zero commitments.

Banks have to mirror the International Energy Agency’s Net Zero Emissions by 2050 and the G20 Sustainable Finance Working Group.

Also, all these financiers have signed up to the Glasgow Financial Alliance for Net Zero, or GFANZ. This alliance works to align banks, insurers, and asset managers with the goal of hitting net zero by 2050.

GFANZ covers two important net zero alliances in the financing sector.

Both commit to aligning lending and investment portfolios with net zero emissions.

But what occurred during the banks’ Annual General Meetings tells a different story.

Banks Denied Shareholders’ Desire to Embrace Climate Goals

Only 12.3% voted for Citi to adopt lending practices that are consistent with climate goals.

The same pattern emerged in Wells Fargo and Bank of America, with about 11% of votes for each bank.

Research from InfluenceMap also revealed similar climate change responses from the financial sector. Only 11 out of 30 largest traded financiers and banks even have reliable climate goals to cut emissions.

Likewise, Europe’s biggest banks gave $32 Billion (£24B) towards oil and gas company expansions.

A researcher noted that,

“There is a stark disconnect between what they [financing firms] say about climate change and what they’re actually doing.”

Climate advocates in the sector contended that it’s not enough to set a net zero target. What’s needed is a credible plan for achieving those targets as emphasized in the resolutions.

And the sure-fire way to that is to stop new fossil fuel expansion and new supply, immediately.

Yet, management from the three banks rejected such proposals focusing on climate goals.

Citi CEO Jane Fraser, for instance, opposed the resolution saying that,

“It’s not feasible for the global economy, for human health or livelihoods to shut down the fossil fuel economy overnight.”

Big Asset Managers and Bankers Are Not Supportive, Too

Blackrock, State Street, and Vanguard have also most likely voted quietly against the proposal. These big three asset managers are top shareholders in Citi, Wells Fargo, and Bank of America.

They also own about 20% of America’s 6 largest banks and 20% of the average company listed on the S&P 500 index.

JP Morgan Chase, Morgan Stanley, and Goldman Sachs are also expecting to face similar resolutions in the coming weeks. But speculations indicate that most shareholders are likely to reject them as well.

These giant financiers even lobbied the Securities and Exchange Commission to toss out the resolution. They argued that it will set inflexible and heavy restraints on their daily business.

While those biggest banks decide not to vote for climate goals, a few others have been pursuing measures that cut emissions.

And the votes for the resolutions calling on banks to pursue climate goals urgently say one clear thing.

That there’s a small yet notable number of Wall Street investors who want to do away with fossil fuels. In a figure, it’s accounted for $65 billion in capitalization.

fossil fuel financing