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Major global banks commit $906 billion to fossil fuel firms, marking a staggering surge in 2025, according to new report.
According to a recent report, the world’s leading banks allocated an astonishing $906 billion in financing to the fossil fuel sector in the past year. This significant increase in investment, which represents a rise of $64 billion or nearly 8% from the previous year, effectively prolongs coal, oil, and gas production at a time when…