UK and US banks among biggest backers of Russian ‘carbon bombs’, data shows

Ukrainian campaigners call for immediate end to investments, to cut funds to war and help avoid climate breakdown

US and UK financial institutions have been among the leading investors in Russian carbon bomb" fossil fuel projects, according to a new database of holdings from recent years.

Campaigners in Ukraine said these institutions must immediately end such investments, to limit the funding of Russia's invasion of Ukraine and to avoid climate breakdown.