Environment Campaign
- Details
- Created: Wednesday, 17 July 2019 14:58
- Written by FRFI
Despite many international agreements, most recently the 2015 Paris Climate Change Conference, there has been no let-up in carbon emissions and subsequent climate change:
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33 global banks invested a combined $1.9 trillion in fossil fuel companies between 2015 and 2018. HSBC was the 13th largest investor, while Barclays continues to fund tar sand exploitation in Canada.
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The oil and gas industry is forecast to spend a massive $4.9 trillion on exploration and extraction of new fossil fuel fields over the next decade; it will drive a coach and horses through the already inadequate Paris agreement.