Some of the world's top banks, including some French ones, continue to fund new oil and gas projects while being part of industry groups aimed at reaching carbon neutrality, NGOs have warned.
The Glasgow Alliance has emerged as the key climate alliance for finance industry firms committed to reaching carbon neutrality by 2050.
US lenders, French banks
At the top of the list of banks not meeting their own pledges and continuing to fund and invest in fossil fuel projects are two lenders based in the United States: Citigroup and Bank of America. In third place is Japan's MUFG.
In their report published Tuesday, the climate groups point to asset managers who continue to hold stocks of oil and gas firms that are developing new projects.
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