October 3, 2023

Why are banks still financing fossil fuels?

Construction on the Trans Mountain Pipeline expansion project in British Columbia. Six Canadian banks have “stepped in” to finance the next stage of construction, according to Stand.earth (Photo: Darryl Dyck/Bloomberg)

Is it better to engage with fossil fuel companies or to divest as part of a net zero strategy? Some banks apparently prefer the first option, and are financing fossil fuel companies that are in expansion mode

It’s almost eight years since 2015’s historic Paris Agreement – a ...

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Why are banks still financing fossil fuels?

Is it better to engage with fossil fuel companies or to divest as part of a net zero strategy? Some banks apparently prefer the first option, and are financing fossil fuel companies that are in expansion mode

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