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Top banks continue funding fossil fuels despite green promises

Top banks continue funding fossil fuels despite green promises
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NGOs denounce banks financing new oil and gas projects

At the top of the list were two US lenders: Citigroup, with $30.5 billion in financing to groups expanding oil and gas production, followed by Bank of America with $22.8 billion. In third place was Japan s MUFG at $22.7 billion.

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Banks still financing new oil and gas projects despite carbon neutrality pledges

Despite joining industry groups committed to reaching carbon neutrality the world's top banks are continuing to finance new oil and gas projects incompatible with that objective, environmental activist…

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Top banks continue funding fossil fuels despite green promises

Some of the world's top banks, including some French ones, continue to fund new oil and gas projects while being part of industry groups aimed at reaching carbon neutrality, NGOs have warned.

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Citi, BofA lead Wall Street banks funding fossil-fuel expansion

Citigroup and Bank of America have done more to support the expansion of fossil-fuel companies than any other lenders claiming to target net-zero financed emissions, according to a new analysis comparing industry pledges to action.

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