Article 6F2P0 Europe’s banks helped fossil fuel firms raise more than €1tn from global bond markets

Europe’s banks helped fossil fuel firms raise more than €1tn from global bond markets

by
Jillian Ambrose Energy correspondent
from Environment | The Guardian on (#6F2P0)

Exclusive: Pan-European investigation looked at thousands of transactions since Paris climate agreement in 2016

Banks including some of Europe's largest lenders have helped fossil fuel companies to raise more than 1tn (869bn) from the global bond markets since the Paris climate agreement, according to an investigation by the Guardian and its reporting partners.

In the push to zero carbon, Europe's biggest lenders face growing pressure to limit their financial support for fossil fuel companies through direct loans and other financing facilities.

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