Why is the financial industry still 'banking on climate chaos'?

In 2022, a year marked by record droughts, heatwaves, flooding, and forest fires, the world's top banks injected $673bn into the fossil fuel industry. That is according to the latest edition of 'Banking on Climate Chaos', the annual report from several leading global environmental organisations assessing the fossil fuel financing habits of the world's 60 biggest banks, many of which proudly boast net zero emission goals. The report, which was released last week, highlighted the "dirty dozen" banks which dominated fossil fuel financing last year. Top of the list was Royal Bank of Canad...