Asian banks are failing on climate by channeling billions into coal, report says - MundNews

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Thursday, February 25, 2021

Asian banks are failing on climate by channeling billions into coal, report says

Many of the world's leading financial institutions have pledged in recent years to slash their support for the coal and oil industries. But a new report has found that hundreds of billions of dollars are still being channeled into fossil fuels, and Asia's banks are doing much of that business.

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