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Mmastodon WorldEU Politics first seen 6 h ago, last 3 h 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" # UK # UnitedKingdom # Europe # Banks # Finance https://ww

A new report finds that UK banks are the largest providers of coal financing in Europe, according to the Guardian. The finding is drawing attention to the gap between British financial institutions' climate commitments and their continued funding of coal companies, prompting criticism from environmental groups and renewed debate over bank lending rules.

Why now: The report contradicts UK banks' public climate pledges, making it timely and controversial.

UK banksEuropeThe Guardian

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