Greenpeace hits out at Davos banks for $1.4tn climate hypocrisy

Report highlights financial support given to hydrocarbon sector by 24 institutions

The world's leading financial institutions have been accused of hypocrisy over the climate emergency, after providing significant support for the fossil fuel industry over the last five years.

A report by Greenpeace, the environmental group, highlights that 24 banks which regularly attend the World Economic Forum in Davos have provided $1.4tn (1.1tn) of financial support for the hydrocarbon sector since the Paris agreement set new emissions reduction goals in 2015.