Barclays has financed $5.6bn in new fossil fuel projects since January

Financing in lead up to Cop26 largest of all major UK banks, finds campaigners

Barclays has financed more in fossil fuel projects than any of the UK's largest banks in the months leading up to the Cop26 climate talks in Glasgow, according to a report by climate finance campaigners.

The bank financed $5.6bn (4.1bn) for new fossil fuel projects from January 2021 to the eve of the UN climate summit, Market Forces found, despite growing international warnings that any new fossil developments would destroy any chance of avoiding a catastrophic climate breakdown.