beSpacific · @bespacific
769 followers · 1245 posts · Server newsie.social#Banking on #ClimateChaos #FossilFuel #financing from the world’s 60 #LargestBanks has reached USD $4.6T in 6 yrs since adoption of #ParisAgreement w $742B in fossil #FuelFinancing in 2021 alone. This report examines commercial, #InvestmentBank #financing for fossil fuel industry aggregating their leading roles in #lending and #underwriting #debt and #equity #issuances and finds the #iFnancialSector continued its business-as-usual #driving of climate chaos. https://www.ran.org/wp-content/uploads/2022/03/BOCC_2022_vSPREAD-1.pdf
#banking #climatechaos #fossilfuel #financing #largestbanks #ParisAgreement #fuelfinancing #investmentbank #lending #underwriting #debt #equity #issuances #ifnancialsector #driving