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Evening Standard
Evening Standard
World
Beril Naz Hassan

What is a 'carbon bomb' project? Examples and climate impact

Recent reports have revealed that banks pumped more than $150 billion (£124bn) into companies with “carbon bomb” projects that could destroy humanity’s last chance to stop the climate crisis in the past year.

The Guardian shared that these carbon bombs, which comprise 425 extraction projects, hold enough coal, oil, and gas to burn through the world’s carbon budget four times over.

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