Since the 2015 Paris Climate Agreement, banks have provided some $3.2tn to the fossil fuel industry to expand operations

“They say that money makes the world go round, but money is making the world go backwards,” Teresa Anderson, global lead on climate justice for ActionAid International, told reporters.

For the report, ActionAid worked with the international trade consulting company Profundo to compile data on major international banks’ loans and underwriting to fossil fuel and agribusiness corporations.