UK and US banks among biggest backers of Russian ‘carbon bomb’ projects
Hundreds of financial institutions funding projects capable of emitting more than a gigaton of carbon dioxide, research finds
British and American banks have been among leading investors in Russian “carbon bomb” projects that emit vast amounts of damaging greenhouse gases, according to a new database.
At least 400 foreign financial institutions have provided billions of pounds of support to Russian firms set to extract fossil fuels for burning, figures show.
Ukrainian campaigners said they must halt their investments to curb funding of both Russia’s war on Ukraine and climate breakdown.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies