Mmastodon BusinessBanking first seen 2 h ago, last 40 min ago, peak #1
UK banks named Europe's biggest coal financiers
Original: UK banks are Europe’s biggest coal financiers, report finds https://www. theguardian.com/environment/20 26/sep/30/uk-ban
A new report finds that UK banks are the largest providers of coal financing in Europe, drawing criticism given the industry's climate commitments. The findings highlight the gap between banks' net-zero pledges and their continued funding of coal, the most carbon-intensive fossil fuel. Environmental campaigners are expected to press institutions to end coal financing.
Why now: The report exposes a contradiction between UK banks' climate pledges and their ongoing coal investment, prompting debate over fossil fuel finance.
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Evidence
- UK banks are Europe’s biggest coal financiers, report finds https://www. theguardian.com/environment/20 26/sep/30/uk-banks-are-europe-biggest-providers-coal-financing-report-finds # Coal # Banking # FossilFuels # GreenhouseGasEmissions # ClimateCrisis # Energy # Environment · theguardian_us_environment@halo.nu · 4
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