Why is the financial industry still 'banking on climate chaos'?

clock • 6 min read
Why is the financial industry still 'banking on climate chaos'?

Banks invested over $673bn in fossil fuels in 2022, according to new report by major environmental groups

In 2022, a year marked by record droughts, heatwaves, flooding, and forest fires, the world's top banks injected $673bn into the fossil fuel industry. That is according to the latest edition of Banking...

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 the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Triodos Bank ringfences €500m for nature-based solution funding

Triodos Bank ringfences €500m for nature-based solution funding

Ethical bank aims to provide half-a-billion-euros in investments, loans, and contributions to nature-based solutions sector by the end of 2030

Stuart Stone
clock 19 November 2024 • 2 min read
Why sustainable procurement is imperative for a climate-resilient world

Why sustainable procurement is imperative for a climate-resilient world

Sustainable procurement is a transformative tool that can help deliver on sustainable development goals and drive down emissions, writes Anne-Claire Howard from the UN Office for Project Services (UNOPS).

Anne-Claire Howard, UN Office for Project Services
clock 18 November 2024 • 4 min read
Mansion House: Chancellor to promise sweeping reforms to unlock green investment

Mansion House: Chancellor to promise sweeping reforms to unlock green investment

Rachel Reeves will this evening announce a wide-ranging package of financial services reforms and consultations designed to drive growth and boost clean energy investment

James Murray
clock 14 November 2024 • 6 min read