Are Europe's leading banks flouting their net zero pledges?

Michael Holder
clock • 9 min read
HSBC, Barclays, BNP Paribas and Deutsche Bank are accused of pumping billions into expanding fossil fuel expansion | Credit: iStock
Image:

HSBC, Barclays, BNP Paribas and Deutsche Bank are accused of pumping billions into expanding fossil fuel expansion | Credit: iStock

New analysis reveals Net Zero Banking Alliance members funnelled $33bn towards expanding oil and gas production over past year, but banks insist they are working to reduce their exposure to fossil fuels

Scores of Europe's leading banks have been accused of continuing to flout advice from climate scientists and economists by pumping tens of billions of dollars into expanding oil and gas production last...

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Michael Holder
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Michael Holder

Environmental journalist and editor

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