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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

The analysis, " Banking on Climate Chaos 2021 ," underscores that while overall fossil fuel financing did tumble significantly in 2020, the total amount of financing provided to fossil fuel firms in 2020 was still more than $40 billion higher in 2020 than in 2016, at $750 billion. Overall, the world's leading banks have channelled $3.8

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A new Swedish iron processing project could disrupt the global steel industry

GreenBiz

The steel industry contributes directly to 7% of all global greenhouse gas emissions. In 2016, the HYBRIT project was launched as a joint venture between utility Vattenfall , iron ore producer LKAB and steelmaker SSAB. Both Vattenfall and LKAB are owned by the Swedish state, while SSAB was privatized in 1994.