Is Paris burning? Why banks have sunk $4 trillion into fossil fuels since treaty

Climate Economy

Is Paris burning? Why banks have sunk $4 trillion into fossil fuels since treaty

Despite Paris Agreement commitments, global banks have dropped $4 trillion into the fossil fuel industry. Editor's note: Both Rainforest Action Network (RAN) and the author and board member Andre Carothers, have been at the forefront of the environmental and now climate movements. RAN has grown from early grassroots awareness-raising efforts to rocking the worlds of finance and energy — as it did today with its investigative report on continued bank lending to the fossil fuel industry. Despite a pandemic, plunging oil prices, growing regulatory and shareholder scrutiny, and public pledges…

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