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Europe’s banks fund oil and gas expansion despite IEA warning -report

by AIP Online Bureau | Feb 14, 2022 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News

An IEA report in May said there should be no investment in new oil and gas fields in order to have a 50% chance of capping global warming at 1.5 degrees Celsius above the pre-industrial average. The financing comes despite 24 of the banks themselves pledging to...

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