Wednesday, 26 May 2021

British banks finance 805m tonnes of CO2 production a year

British banks finance 805m tonnes of CO2 production a year

The amount of CO2 production financed by Britain’s banks and asset managers is nearly double the UK’s annual carbon emissions, according to a new report. The study, published by environmental campaign groups Greenpeace and WWF, shows the City provided loans and investments for projects and companies that emitted 805m tonnes of CO2 in 2019.

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