Among world’s top 60 banks those in US are biggest fossil fuel financiers, while Barclays leads way in Europe
The world’s big banks have handed nearly $7tn (£5.6tn) in funding to the fossil fuel industry since the Paris agreement to limit carbon emissions, according to research.
In 2016, after talks in Paris, 196 countries signed an agreement to limit global heating as a result of carbon emissions to at most 2C above preindustrial levels, with an ideal limit of 1.5C to prevent the worst impacts of a drastically changed climate.
First time I see “tn” used
Just wanted to write that. If 1 billion is unimaginable to us regular people, a thousand more of these is something completely unreal.
7,000,000,000,000
We are all sooooo fucked!
There is so much to do with that amount of money. Like building 100m of that neom city.