Tuesday, 15 February 2022

Big banks fund new oil and gas despite net zero pledges

Big banks fund new oil and gas despite net zero pledges

Big banks are pumping billions into new oil and gas production despite net zero pledges, campaigners have said. Banks including HSBC, Barclays and Deutsche Bank are still backing new oil and gas despite being part of a green banking group, ShareAction said. Investors should force banks to demand green plans from fossil fuel firms before funding them, it said.
Read more: https://www.bbc.co.uk/news/business-60366054?source=Snapzu

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