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UK banks top European coal financiers with $8.3bn since COP26

A report finds UK-based banks, led by Barclays and HSBC, provided $8.3bn in coal financing since COP26, exceeding German ($4.9bn) and French ($3.4bn) banks. This contradicts stated climate commitments and may pressure UK financial regulators and banks' reputations, potentially affecting their cost of capital and policy risk.

Guardian World1 day agoGB, DE, FRengCredibility 28%View source

Score Breakdown

Mosaic Score5.0
Model confidence0.7
Significance0.5
Source credibility0.3

Intelligence Tags

#coal#banking#climate-finance#esg#uk

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