Banks spend $2.7trn on fossil fuels in four years

3rd April 2020


The world's 35 largest private banks spent more than $2.7trn financing the fossil fuel sector in the four years after the Paris Agreement was adopted, the most comprehensive study of its kind has found.

The analysis also shows that support for the fossil fuel sector has grown every year since 2015, despite scientists warning that emissions must fall rapidly to avoid the worst of the climate crisis.

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