Funding Fossil Fuels
Banks are still funding funding fossil fuels.
Research by the LSE finds that no major bank has yet committed to stop funding new oil and gas fields or coal capacity, and banks that have recently updated their climate policies have weakened them - TPI Global Climate Transition Centre (TPI) at the London School of Economics and Political Science (LSE). - Guardian
It was also reported today that - in 2024 - we hit a record high for coal use around the world, despite efforts to switch to clean energy. - Guardian and Systems Change Lab's 'State of Climate Action 2025' published ahead of COP30.
Find out more at Bank Track.
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