✉news EnvironmentClimate first seen 20 h ago, last 20 h ago, peak #11
Banks pledged net zero while still financing coal firms
Original: Banks backed net zero then kept funding coal companies
Major banks publicly committed to net zero emissions targets while continuing to provide financing to coal companies, according to a report by Climate Home News. The revelation highlights a gap between financial institutions' climate pledges and their actual lending and investment practices, drawing criticism from climate advocates who say the coal funding undermines the credibility of the banking sector's net zero commitments.
Why now: The contradiction between banks' public climate pledges and their continued coal financing is drawing scrutiny of greenwashing in the financial sector.
Climate Home Newscoal industrymajor banks
Evidence
- Banks backed net zero then kept funding coal companies · Climate Home News
API: https://socialmediatrends-api.osmike.com/v1/trends/750806