The causes fueling the climate crisis are receiving 20 times more financing than the solutions, investigation reveals
Fossil fuel and industrial agriculture industries in the Global South are receiving an annual average of 20 times more financing from banks than governments are receiving for climate solutions. Banks have put $3.2 trillion towards the expansion of fossil fuels since the Paris Agreement, with $370 billion being funneled into the second major cause of climate change, industrial agriculture. Top banks funding the climate crisis include HSBC, Citigroup and JP Morgan Chase.
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