nbcnews.com
Over $700 billion in loans and underwriting flowed into companies conducting business in fossil fuels last year, funneled by 60 of the world’s largest private banks, according to a report released Monday by several environmental groups. The annual report, put together by the Sierra Club and the Rainforest Action Network among others, shows a slight decline in banks’ financing for oil, gas and coal since 2021, but researchers say it is not dropping quickly enough. Environmental activists have for…
7 months ago