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Fossil fuel financing by major banks reaches an astonishing 870 billion dollars.

Major global financial institutions, spearheaded by the United States, dispensed approximately $870 billion in financial backing for fossil fuel ventures in the year 2024, marking a 23% hike from the previous year, as indicated in a report published today.

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Fossil fuel financing by primary banks totals approximately 870 billion dollars.
Fossil fuel financing by primary banks totals approximately 870 billion dollars.

Fossil fuel financing by major banks reaches an astonishing 870 billion dollars.

Going Green? Not So Fast! 💰

  1. In the realm of environmental science, the impact of climate change on weather patterns is a significant concern for the industry, necessitating immediate financial investments in clean energy solutions.
  2. The weather's unpredictability, amplified by climate-change effects, poses a critical challenge for both researchers in science and businesses in the finance sector.
  3. As the industry shifts towards sustainability, a greater understanding of climate change and the environment is essential, driving the need for education and innovation in clean energy and its associated environmental sciences.

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