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March 28, 2022

Banks undermine own net zero targets

Many financial institutions have set ambitious net zero targets, yet continue to finance fossil fuel production and lobby to weaken sustainable finance policy, according to study.

The world’s 30 largest listed financial institutions are undermining their net zero goals by continuing to fund fossil fuel expansion and lobbying to weaken emerging sustainable finance policy, according to a new report by climate think-tank InfluenceMap.

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