Mmastodon BusinessBanking first seen 14 h ago, last 33 min ago, peak #1
UK banks are Europe's biggest coal financiers, report finds
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 are the largest providers of coal financing in Europe, despite widespread commitments to cut fossil fuel funding. The findings draw attention to the gap between banks' climate pledges and their continued support for coal, a major source of greenhouse gas emissions. Environmental campaigners are expected to use the report to pressure UK financial institutions to end coal financing.
Why now: A report naming UK banks as Europe's top coal financiers contradicts their climate commitments, prompting discussion
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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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