Majority-Black cities in North America are not often described in the academic literature as such. Racial capitalism is a restorative approach that puts majority-Black cities in the Global North into analytical relation with other cities in the global urban landscape. This is an important step to take for many reasons, including rising interest in conversations about the financial production of urban natures in the context of climate change. Moreover, there is a dearth of mixed method empirics documenting the role of racial capitalism in the production of urban space and urban natures. To address this gap, I pair a case study of Jackson, Mississippi’s, struggle to fund mandated upgrades to its water system with analysis of a data set containing interest rates of approximately 5 million municipal bonds issued between 1970 and 2014. I find that since financial deregulation in 1999 and 2000, majority-Black cities have been charged more than their white counterparts to produce their built environments. These findings reveal a conflation between territorialized Blackness and financial risk. Thus exposed, I argue that the racialization of urban finance has previously unexamined implications for the production of urban natures and the establishment of just transitions and socioecological futures.

北美的多数黑人城市在学术文献中并不经常这样描述。种族资本主义是一种恢复性方法，它将全球北部的多数黑人城市与全球城市景观中的其他城市建立分析关系。这是一个重要的步骤，原因有很多，包括人们对气候变化背景下城市自然金融生产的对话越来越感兴趣。此外，缺乏混合方法经验来记录种族资本主义在城市空间和城市自然生产中的作用。为了弥补这一差距，我将密西西比州杰克逊的案例研究与对包含 1970 年至 2014 年间发行的约 500 万份市政债券利率的数据集的分析相结合。我发现自 1999 年和 2000 年金融放松管制以来，以黑人为主的城市在建造建筑环境方面的收费高于白人城市。这些发现揭示了领土化的黑人与金融风险之间的混杂。因此，我认为城市金融的种族化对城市自然的生产以及公正转型和社会生态未来的建立有着未经审查的影响。