None
EN
Some of UK’s biggest banks ‘investing ever larger sums into fossil fuels’
['Fri October At Am Bst', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Which?’s analysis follows research finding that the world’s biggest banks significantly increased their fossil fuel finance in 2024.
The top 65 lenders committed 869 billion dollars (£648 billion) in financing fossil fuels, the Banking on Climate Chaos report said in June.
Meanwhile, seven banks – Barclays, Chase, Danske Bank, HSBC, Lloyds, NatWest and Santander – were found to contribute significantly to the financing of fossil fuels.
The bank was the largest fossil fuel financier in the world, committing 53.5 billion dollars (£40 billion) to fossil fuel companies in 2024, according to the Banking on Climate Chaos report.
for significantly increasing their financing of fossil fuel projects last year, despite publicly making clean energy commitments.