'Gaslighting': Financial giants under fire for multi-billion-dollar backing for European fossil gas power

clock • 4 min read
Credit: iStock
Image:

Credit: iStock

Reclaim Finance and Beyond Fossil Fuels claim major banks and investors have provided more than $500bn to European gas sector since 2019

Global banks and investors are yet again under fire for continuing to provide billions of dollars to support the European gas power industry, despite the risk of locking in stranded assets and higher emissions...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Investment

Study: Banks set to plough $600bn a year into global low carbon transition by 2030

Study: Banks set to plough $600bn a year into global low carbon transition by 2030

Financial firms that carve out a leadership position through investments in the net zero transition could boost profits by 30 per cent in the long term, according to Bain & Company

Michael Holder
clock 16 May 2024 • 3 min read
Border to Coast: UK council pensions pool raises further £1.2bn for climate investment fund

Border to Coast: UK council pensions pool raises further £1.2bn for climate investment fund

It comes as Border to Coast Pensions Partnership grows private markets programme to £16bn, with investments targeted in areas such as renewable energy, sustainable farming and green transport

Jonathan Stapleton
clock 16 May 2024 • 2 min read
Fossil Free Books: Authors urge Baillie Gifford to divest from 'forces causing death and destruction'

Fossil Free Books: Authors urge Baillie Gifford to divest from 'forces causing death and destruction'

Hundreds of high profile signatories, including Sally Rooney, George Monbiot, and Jonathon Porritt, call on asset manager and arts sponsor to divest from fossil fuels

Stuart Stone
clock 15 May 2024 • 4 min read