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Big banks lift fossil fuel investments by $800 billion in 2019

It’s not a new message, but the fact that banks continue to fund fossil fuel plants to the tune of billions of dollars, is still very true – and the only way to dissuade these banks from continuing to prefer funding a gas turbine to a wind turbine, is to apply external pressure. The latest report entitled, “Banking on climate Change – Fossil Fuel Finance Report 2020,” lists the top 35 mostly US owned banks, and puts the amount of investment at $2.7 trillion since the Paris Climate Agreement. The aim is to get shareholders of the banks to bring the subject up at AGMs, and also to get customers to work with different banks. A year ago investment had…

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