Banks heavily finance oil firms despite climate goals: study

LONDON, United Kingdom (AFP) – European banks, while pledging to tackle carbon emissions, are heavily financing companies involved in the expansion of oil and gas production, activist group ShareAction said on Monday. A total 25 lenders, led by HSBC, Barclays and BNP Paribas, last year provided fossil fuel groups with a total of $55 billion (48.5 billion euros), ShareAction said in a report. The activist group urged investors to use their shareholder rights to push […]