British banks put £75bn into firms behind carbon bombs
Banks in the City of London have poured more than $100bn (£75bn) into companies developing “carbon bombs” – huge oil, gas and coal projects that would drive the climate past internationally agreed temperature limits with catastrophic global consequences – according to a study.
Nine London-based banks, including HSBC, NatWest, Barclays and Lloyds are involved in financing companies responsible for at least 117 carbon bomb projects in 28 countries between 2016 and 2023.
The front page of The Guardian this morning – 02/05/2025 reports:
UK banks put £75bn into firms building climate-wrecking ‘carbon bombs’, study finds
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