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#1 2021-02-26 13:37:15

Tallex
Administrator

Banks And Investors Are Still Pouring Billions Into Coal Companies

Banks And Investors Are Still Pouring Billions Into Coal Companies
New research reveals the scale of the money that continues to flow to the dirtiest fossil fuel, despite the accelerating climate crisis.


https://www.huffingtonpost.ca/entry/coa … 8044857b26


As of January 2021, institutional investors such as pension funds, asset managers and insurance companies around the world held investments worth more than $1 trillion in coal, with U.S. investors collectively holding 58% of the institutional investment in the global coal industry.
Commercial banks, meanwhile, have increased their funding of coal companies since the 2016 signing of the Paris climate agreement, in which countries pledged to limit global warming to well below 2 degrees Celsius.

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