Banks Haven’t Lost Their Appetite For Fossil Fuels Just Yet ...Middle East

Following the signing of the Paris Agreement by 193 states and the EU and after the COP27 climate summit in 2021, several major financial institutions came under fire for their continued support of fossil fuel companies. As governments worldwide introduce new climate policies and put pressure on oil and gas firms to improve operations and curb their carbon emissions, international organisation and environmentalists are asking that increased pressure be put on banks to cut funding for fossil fuel projects in favour of low-emissions alternatives.…

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