Investment banks have plowed more than $700 billion into fossil fuels since the Paris climate agreement

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JPMorgan alone had put in $75 billion into financing fossil fuel companies.

The world's largest investment banks are pouring billions into fossil fuels. According to the Guardian newspaper, over $700 billion worth of"loans, equity issuances and debt underwriting" has funneled its way into fossil fuels and fossil fuel-based companies since the Paris climate change agreement. JPMorgan was the biggest culprit, providing over $75 billion worth of funding — over a tenth of the total. View Markets Insider's homepage for more stories.

The world's largest investment banks are pouring billions into fossil fuels. According to the Guardian newspaper, over $700 billion worth of"loans, equity issuances and debt underwriting" has funneled its way into fossil fuels and fossil fuel-based companies since the Paris climate change agreement. JPMorgan was the biggest culprit, providing over $75 billion worth of funding — over a tenth of the total. View Markets Insider's homepage for more stories.

 

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