Big banks’ trillion-dollar finance for fossil fuels ‘shocking’, says report

1st Apr, 2021

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A coal-fired power station in China. Despite the pandemic cutting energy use, overall funding of fossil fuel firms remains on an upward trend. Photograph: Wang Meng/Getty Images/iStockphoto

The world’s biggest 60 banks have provided $3.8tn of financing for fossil fuel companies since the Paris climate deal in 2015, according to a report by a coalition of NGOs.

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