DW News 
Despite net-zero pledges, major European banks are funding projects to expand oil and gas production, according to a report by non-profit ShareAction. 25 of the region’s biggest lenders, including Barclays, HSBC and Deutsche Bank, provided 55 billion dollars to energy companies last year. And while that amount is nearly half what European banks financed in 2020, it is more than double the figure for 2018. The International Energy Agency has warned that net zero carbon emissions needs to be achieved by 2050 to keep alive hopes of limiting global warming to below 1.5 Degrees.
Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
For more news go to: http://www.dw.com/en/
Follow DW on social media:
►Facebook: https://www.facebook.com/deutschewellenews/
►Twitter: https://twitter.com/dwnews
►Instagram: https://www.instagram.com/dwnews
Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch
#Greenwashing #Renewables #SustainableEnergy
source
About The Author
Petroleum touches every corner of human civilization. You cant just "Walter Peck" it and shut all these switches off. the banks knew they would get some HEAT rounds no matter the direction they went.
Leaves are green and the sky is blue. Are we surprised?
Dear IPCC…. Where is the trillion dollars you are supposed to "save the planet" with ?
In a capitalist society we see profit as the most valuable variable of all. €uros is our religion.
Sucks to be you blue planet.
Ok Greta
God bless fossil fuel.
What, you are kinda surprised this is happening. Just pay attention what Larry Fink said about shrinking Oil industry several months ago.
It's called lying, and it's how they make all of their money.
We need petrol, it is simple.
"by 2050 to limit to 1.5 C increase" .. nonsense .. the planet will be cooked by then and increase will be 4x that.
This is unrelated but I find it quite cool that you can see the guy loves the switch considering the switch games in the background
I have said that the world isnt serious about climate change. They are using climate change threat inorder to make money. The poorer nations are the ones that are going to pay the price.
to be clear, we must reach net zero by 2030 not 2050 to limit warming to 1.5C this is what the reports actually show.
Old people should stop pumping money into world ending crisis! Greedy a$s boomers, y'all gonna die soon anyways and won't need money in the grave either! Chill tf down so others can live! 🤦🏻
Nobody becomes a millionaire or billionaire by working for others and depending on them, good Investment breed millions of dollars and consistency breed billions
Jesus Christ is the Way, the Truth, the Life. No one comes to the Father except through Him. There is no other intermediary. May Jesus Bless you, trust Him, give your life – and He will take care of it :pray Convert yourself and believe in the Gospel. Romans 10 8-10: But what does it say? “The word is near you; it is in your mouth and in your heart,”[a] that is, the message concerning faith that we proclaim: 9 If you declare with your mouth, “Jesus is Lord,” and believe in your heart that God raised him from the dead, you will be saved. 10 For it is with your heart that you believe and are justified, and it is with your mouth that you profess your faith and are saved.
I recommend checking the meaning of pharmacy from the Greek FARMAKEIA – literally the operation of medicine in the times of ancient Egypt or Assyria, biblical translation as the full meaning of this term
So shameful!! And incredibly governments don't do anything!
Why German KFW should finance in Somaliland gas opportunity since, German provided more employment opportunities for Somalia. Now KFW should send mission Somaliland.
Not 'just the Banks', a day after the NPP Gronde was finaly shut down, the 'Shut down' coal fired powerplant Neyen 4 was set in action again by the Grid-regulator!
Thats all just the direct consequence of germans anti-nuclear politics: Even at night and low wind people 'don't won't to sit freezing in the cold'!
'Because the Banks are investing'
…said and drove home in his Diesel car to his Nat-Gas/Heat-Oil fired house, yeah!
*Just dumb, and Hipocritic, nothing more!
Net zero is a fantasy.
Lmao
Jesus Christ please help us.