Study: Financial industry breaks net zero promise

Banks of the Net-Zero Banking Alliance (NZBA) continue to lend billions to companies involved in the expansion of fossil fuels. This is the result of a study published on Tuesday by the French NGO Reclaim Finance. The NZBA is part of the Glasgow Financial Alliance for Net Zero (GFANZ) – a coalition of financial institutions committed to the net zero goal at COP26 in 2021.