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Banks are still financing fossil fuels – while signing up to net zero pledges
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Despite the stark warnings of climate breakdown from the IPCC and the UN, it’s business as usual for fossil fuel capitalism. An astonishing 56% of the G20 nations’ Covid-19 recovery funds for energyhave gone to fossil fuel companies.
In April, the Glasgow Financial Alliance for Net Zero (GFANZ) chaired by Mark Carney was launched to bring together leading financial corporations to redirect finance towards achieving net zero by 2050. Yet many of its signatories remain among the world’s top backers
Read more on theguardian.comAbout this in other media
Fed Programs Have Kept Finance Flowing to Fossil Fuels wsj.com /2 years ago
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Jes Staley reportedly exchanged 1,200 emails with Jeffrey Epstein in four years theguardian.com /2 years ago
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