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The Guardian - UK
The Guardian - UK
Environment
Damian Carrington Environment editor

UK and US banks among biggest backers of Russian ‘carbon bombs’, data shows

 The Canary Wharf finance district of London, encompassing the offices of HSBC, Citigroup, JPMorgan Chase, and other global banking corporations, pictured from Greenwich, south-east London.
Canary Wharf, where HSBC, JPMorgan Chase and other global banking corporations have offices, is seen from Greenwich, south-east London. Photograph: Odd Andersen/AFP/Getty Images

US and UK financial institutions have been among the leading investors in Russian “carbon bomb” fossil fuel projects, according to a new database of holdings from recent years.

Campaigners in Ukraine said these institutions must immediately end such investments, to limit the funding of Russia’s invasion of Ukraine and to avoid climate breakdown.

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