World's Biggest Banks Make Climate Change Promises, Invest in Fossil Fuels Anyway

The world’s biggest banks are still investing billions in fossil fuels, despite years of pledges on climate change.

Campaigners are urging banks to resolve to reduce their investments in fossil fuels but according to a new report, investments are actually growing as time to tackle the climate crisis runs out.

Even the most hardened cynic could be forgiven for feeling a flicker of optimism about the climate crisis recently. In the past six months alone, the United States has rejoined the Paris Agreement, China has pledged to go carbon neutral...