AASHE signed on to the Banking on Climate Chaos Report which adds up financing from the world’s 60 biggest banks contributing to the the fossil fuel sector, assesses bank financing for top companies in certain sectors and highlights communities fighting projects in these sectors that threaten their lives and livelihoods. The report finds that the financial sector continues its business-as-usual driving of climate chaos: fossil fuel financing from the world’s 60 largest banks has reached USD $4.6 trillion in the six years since the adoption of the Paris Agreement, with $742 billion in fossil fuel financing in 2021 alone. These findings underscore the need for banks to immediately implement policies that end their financing for fossil fuel expansion and begin to zero out their support altogether. Read the report.
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