© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Europe’s biggest banks provide £24bn to oil and gas firms despite net zero pledges

Investments to drill new oil wells and tap gas reserves were made within a year of signing up

Europe’s biggest banks led by HSBC, Barclays and BNP Paribas have provided £24bn to oil and gas companies that are expanding production less than a year since pledging to target net zero carbon emissions, data shows.

Investments to drill new oil wells and tap fresh gas reserves, backed by funds from major banks, appear to contradict commitments to international agreements and undermine efforts to accelerate the switch to renewable energy sources, the report said.

Continue reading…

Related posts

Grenfell Tower council apologises for putting profits before people in borough

AEA3

US strikes on Iran’s nuclear sites only set back program by months, Pentagon report says

AEA3

Tom Verlaine, frontman and guitarist of US band Television, dies at 73

AEA3

Pin It on Pinterest

Share This