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.

  • nondescripthandle@lemmy.dbzer0.com
    link
    fedilink
    arrow-up
    23
    arrow-down
    1
    ·
    6 months ago

    In case you thought you can personal responsibility climate change away, more than most banks use your money to invest in ruining any progress you may have otherwise made.