'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

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

WEF: Global 'clean fuels' investment needs to quadruple to $100bn by 2030

WEF: Global 'clean fuels' investment needs to quadruple to $100bn by 2030

Far more investment is required to deliver on global goals for the deployment of biofuels, SAF, hydrogen, and synthetic fuels, World Economic Forum report warns

Michael Holder
clock 15 January 2026 • 3 min read
Haydale acquires decarbonisation platform SaveMoneyCutCarbon in £24m deal

Haydale acquires decarbonisation platform SaveMoneyCutCarbon in £24m deal

Acquisition marks an exit for IW Capital, which has backed the business since 2017

clock 15 January 2026 • 2 min read
Onsite renewables specialist Wattstor secures £50m boost

Onsite renewables specialist Wattstor secures £50m boost

UK firm secures debt facility from Aldermore Bank to support 'next phase' of its growth

BusinessGreen staff
clock 13 January 2026 • 2 min read