World’s Top Banks Financed Fossil Fuels With $742 Billion In 2021 ...Middle East

The 60 largest banks in the world poured as much as $742 billion in fossil fuel financing in 2021 alone, a new report by environmental groups showed this week. Since the Paris Agreement was adopted in 2015, the world’s largest commercial and investment banks have financed fossil fuels with a cumulative $4.6 trillion, according to the annual Banking on Climate Chaos report from Oil Change International, Rainforest Action Network, BankTrack, Indigenous Environmental Network, Reclaim Finance, Sierra Club, and Urgewald. Banks have come under…

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