Coal, oil and gas finance from major development banks totalled $5bn in year after historic climate pact, according to estimates

Billions of dollars of public money was sunk in new fossil fuel projects by the world’s major development banks in the year after the Paris climate change deal was agreed, according to campaigners who are calling for the banks to halt their financing of coal, oil and gas.

The new analysis also reveals that some of the taxpayers’ money given to coal and gas projects was counted as “climate” finance.

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