> But what exactly are you even asking the banks to do?

I don’t think I’m asking banks to do anything in that comment.

What I am trying to do is set out a problem statement, and given your knowledge (and handle), I’d greatly appreciate your input on it:

1. Banks have a powerful ability to determine which projects happen and which don’t through the credit mechanism. Because often times no credit = no project.

2. When projects are evaluated on narrow financial criteria, wealth can be destroyed rather than made. The project will create free cashflow and the loan will be repaid, but the credit issuance process will not take into account whether the project is a net benefit to human wealth across other important metrics such as environmental and human heath.

3. To avoid the competition issue, governments could regulate to change market rules, but banks themselves frustrate this by lobbying against change.

If we have agreement on a problem statement, then we are in a position to discuss responses. Your response might well be do nothing, but that should be justified to be credible.