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Entitled  Five Years Lost: How Finance Is Blowing the Paris Carbon Budget (pdf), the report was coordinated by Germany-based environmental and human rights group Urgewald, with the participation of organizations including Rainforest Action Network, Friends of the Earth USA, Oil Change International, Re:Common, and Reclaim Finance. The new paper details a dozen of the most devastating fossil fuel projects around the world, which together would use up fully three-quarters of the total remaining carbon budget, based on the Paris accord’s goal of limiting global warming to 1.5°C. Furthermore, the report exposes the banks and investors that are financing leading fossil fuel companies, as well as the environmental and social costs associated with their projects. These include violation of Indigenous rights, negative health impacts, human rights violations, and expected CO2 emissions caused by each of the projects.

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