'Little progress': LSE study warns top banks are continuing to back new fossil fuel projects

James Murray
clock • 3 min read
'Little progress': LSE study warns top banks are continuing to back new fossil fuel projects

Analysis reveals no bank has fully committed to ending financing for all new oil and gas fields or coal projects

Banks are continuing to provide billions of dollars a year to new fossil fuel projects, despite the widespread adoption of net zero goals across the finance industry. That is the conclusion of new research...

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

Report: Businesses 'increasingly frustrated' at poor state of England's water supply

Report: Businesses 'increasingly frustrated' at poor state of England's water supply

Aldersgate Group urges government to go further and faster in reforming water sector in order to unlock much needed investment in tackling pollution and boosting climate resilience

Michael Holder
clock 21 July 2026 • 4 min read
Multilateral development banks mobilise record $163bn in climate finance in 2025

Multilateral development banks mobilise record $163bn in climate finance in 2025

Results suggest MDBs are on track to meet 2030 climate financing projections announced at COP29 Climate Summit

clock 17 July 2026 • 2 min read
Nature-Positive Pathways: New guidance aims to boost private finance for nature projects

Nature-Positive Pathways: New guidance aims to boost private finance for nature projects

Proposed methodology to help firms develop robust nature-positive transition plans unveiled by WWF, Green Finance Institute (GFI), and the UK Centre for Ecology and Hydrology

Michael Holder
clock 16 July 2026 • 4 min read