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.

    • Certified Asshole
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      fedilink
      151 month ago

      Just wanted to write that. If 1 billion is unimaginable to us regular people, a thousand more of these is something completely unreal.

      • BruceTwarzen
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        51 month ago

        There is so much to do with that amount of money. Like building 100m of that neom city.

        • @pufferfisherpowder
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          11 month ago

          Bro such a great idea!! Like a long city in the dessert, like a line, bro, like this line right here, like it’ll totally, fucking climate change, like it’s the future, I swear, the most insane, just imagine the internet, in like, it’s a line, and, hear me out, it’s in the dessert, that’ll show that we don’t, like, it’s not just oil and patria-, bro like get the black AMEX r.e.a.d.y., I need the concierge service to deliver me some fucking Canadian lobster up this bitch right now,