Banks gave $745 billion to groups planning new coal power plants: NGOs
6 December 2019; AFP: Financial institutions have channeled $745 billion over the past three years into companies planning new coal-fired power plants, according to a report by environmental groups, who are urging global banks to stop financing the sector.
The report's release comes as world leaders met this week in Madrid for a 12-day UN climate summit, where they are expected to hammer out some of the details of the 2015 Paris agreement.