Banks Fuelling Climate Crises By Funding Harmful Projects - Report

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banks fuelling climate crises by funding harmful projects report
UN Secretary-General Antnio Guterres speaks during the Africa Climate Summit at the KICC in Nairobi. [Wilberforce Okwiri, Standard]

Most of the worlds biggest banks are channelling trillions of shillings to harmful projects causing climate crises , a report shows.

The report by Action Aid reveals that far more of the worlds money flowing into developing countries is directly harming vulnerable communities than creating solutions.

The report titled How Finance Flows tracked financial flows from banks to fossil fuels and industrial agriculture in 134 developing countries.

It reveals that despite global banks public declarations, that they are addressing climate change, the scale of their continued fossil fuel and industrial agriculture financing is staggering.