No major banks have yet committed to stop funding new oil, gas and coal, research finds

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‘The objectives of the Paris agreement are slipping further out of reach,’ say researchers from LSE

No major bank has yet committed to stop funding new oil and gas fields or coal capacity, research has found.

Most banks that have recently updated their climate policies have weakened them, according to the research by the TPI Global Climate Transition Centre (TPI) at the London School of Economics and Political Science (LSE).

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