The Ukraine crisis could impede banks from dropping fossil fuels ...Middle East

Quartz - Economy
The Ukraine crisis could impede banks from dropping fossil fuels
source : Quartz ( Middle East ) () 20
More than 100 of the world’s biggest banks have said that they will stop financing sources of greenhouse gas emissions by 2050. Yet most continue to lend billions of dollars annually to fossil fuel companies.In total, the world’s 60 top fossil-fuel bankers have lent $4.6 trillion to the industry since the 2015 Paris Agreement was signed, according to a March 30 report by environmental groups. And while some banks are rolling out new policies to accelerate their shift into greener forms of lending, the war in Ukraine and resulting global clamor for more oil and gas are likely to throw a wrench in the works.https://datawrapper.dwcdn.net/ZAkS3/1/Read the rest of this story on qz.com. Become a m

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