Banking Against Science: Financial Institutions Continue to Fund Climate Destruction
Union of Concerned Scientists
DECEMBER 2, 2022
Morgan Chase, Wells Fargo, Citi, Goldman Sachs and Morgan Stanley together funded fossil-fuel expansion for the top 100 fossil-fuel companies, to the tune of $445 billion from 2016 to 2021. These six banks alone were responsible for a third of the $1.3 trillion of global investments in the top 100 fossil fuel companies.
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