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news energy category 60 drilling

Bank financing for fossil fuels dips second year in a row

Corporate Knights

MAY 14, 2024

The 60 largest banks in the world have provided US$6.9 trillion in financing to the fossil fuel industry in the eight years since the Paris Agreement was signed, according to a comprehensive new report. Twenty-seven of the 60 banks increased their fossil fuel financing in 2023, and 33 decreased their financing.

Banking

212

Banking Paris Agreement Net Zero Sustainable Investment

212

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