The leading banks, asset owners and managers of the seven sectoral alliances that make
up the Glasgow Financial Alliance for Net Zero
(GFANZ) are continuing to pour hundreds of
billions of dollars into the expansion of the
coal, oil and fossil gas industries. This new research from Reclaim Finance
analyses the financing and investment in
fossil expansionists of 161 of the members
of the most significant GFANZ sectoral
alliances: the Net-Zero Banking Alliance
(NZBA); Net Zero Asset Managers initiative
(NZAM); Net-Zero Asset Owner Alliance
(AOA); and Net-Zero Insurance Alliance
(NZIA). We found that since joining GFANZ,
these financial institutions have financed at
least 211 of the world’s largest expanders
of coal mining, transport and power, and of
oil and gas production and transport.
Authors
- Published in
- France
