Big Banks Bet on Planet Failure
A journalistic investigation by Follow The Money (FTM) reveals that top financial institutions have allocated over $1.6 trillion to the fossil fuel industry, supporting thousands of new polluting projects.
Despite the growing effects of climate change, these institutions continue to invest heavily in companies operating in the fossil fuel sector.
Over $1.6 trillion has been pumped into companies operating in the fossil fuel industry, supporting thousands of new polluting projects.
This investigation highlights the contradictory actions of big banks, which claim to be committed to sustainability while financing projects that contribute to climate change.
Author's summary: Big banks invest $1.6 trillion in fossil fuels despite climate change.