Mmastodon BusinessBanking first seen 1 d ago, last 6 min ago, peak #1
UK banks named Europe's biggest coal financiers in new report
Original: UK banks are Europe’s biggest coal financiers, report finds https://www. theguardian.com/environment/20 26/sep/30/uk-ban
A new report finds that UK banks have become the biggest providers of coal financing in Europe, according to coverage in the Guardian. The finding places British financial institutions at the top of the continent's coal funding rankings despite widespread climate commitments. Environmental groups and commentators are highlighting the contradiction with banks' stated net-zero pledges, renewing pressure on the sector over fossil fuel financing.
Why now: The finding contradicts UK banks' public climate commitments, prompting criticism and renewed calls to end coal financing.
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Evidence
- UK banks are Europe’s biggest coal financiers, report finds https://www. theguardian.com/environment/20 26/sep/30/uk-banks-are-europe-biggest-providers-coal-financing-report-finds # Coal # Banking # FossilFuels # GreenhouseGasEmissions # ClimateCrisis # Energy # Environment · theguardian_us_environment@halo.nu · 4
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