Top global banks still lend billions to extract fossil fuels

clock • 5 min read

Analysis of world's lenders reveals many claim green credentials while still financing fuels like tar sands, oil and coal

Some of the world's top banks are continuing to lend tens of billions for extracting the most carbon-intensive fossil fuels, according to a report of top lenders. Finance provided for these fossil fuels...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Clean Growth Fund backing rises to £81.5m after boost from pension funds

Border to Coast Pensions Partnership and Strathclyde Pension Fund both confirm investment in second close of Clean Growth Fund II

Jonathan Stapleton
clock 10 September 2026 • 3 min read
Advisers' Sustainability Group urges FCA to clarify green finance guidelines

Advisers' Sustainability Group urges FCA to clarify green finance guidelines

Industry-led working group warns absence of a clear FCA position in some areas 'creates uncertainty that will likely limit the adoption and long-term success of the ASG's recommendations'

Michael Nelson, Investment Week
clock 09 September 2026 • 4 min read
EdenTree's Carlota Esguevillas: 'The biggest lesson has been to keep the momentum going through all the noise'

EdenTree's Carlota Esguevillas: 'The biggest lesson has been to keep the momentum going through all the noise'

Carlota Esguevillas discusses why sustainability strengthens investment decisions, and how she's seeing green innovation taking place in almost every industry

Stuart Stone
clock 08 September 2026 • 5 min read