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World's biggest banks poured billions into fossil fuel expansion despite ‘net zero’ targets
Climate Justice Activists at the Cop26 Gates asking delegates as they make final decisions, ‘Are You With Us Or With Fossil Fuels?’ during the official final day of the Cop26 summit in Glasgow
THE world’s biggest banks poured billions of dollars into fossil fuel expansion in 2021, despite their rhetoric about achieving “net zero” carbon emissions, campaigners said today.
Financial sector campaign group BankTrack’s annual report detailed “massive bank support for the world’s worst climate-destroying corporations.”
While most investments were tracked to banks in the United States, the biggest fossil fuel investors in Europe, including Britain, were revealed as Barclays, followed by BNP Paribas and HSBC.
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