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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

Europe’s banks helped fossil fuel firms raise more than €1tn from global bond markets

A flame burns from a tower at the Vankor oil and gas field in Russia owned by Rosneft
The Vankor oil and gas field in Russia owned by Rosneft. Photograph: Sergei Karpukhin/Reuters

Banks including some of Europe’s largest lenders have helped fossil fuel companies to raise more than €1tn (£869bn) from the global bond markets since the Paris climate agreement, according to an investigation by the Guardian and its reporting partners.

In the push to zero carbon, Europe’s biggest lenders face growing pressure to limit their financial support for fossil fuel companies through direct loans and other financing facilities.

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