Published: May 14, 2024, 05:15 IST | Updated: May 14, 2024, 05:15 IST
World Business Watch May 14, 2024, 05:15 IST
Global banks funnel $7 tn to fossil fuels post Paris agreement
Since the 2016 Paris Agreement, where nations pledged to curb climate change, a troubling reality has emerged. A new report reveals a stark gap between promises and actions. The world's biggest banks have funnelled nearly $7 trillion towards the fossil fuel industry - the very industry driving global warming.