Thread by @lamb_wf

In case you missed it, two important articles on fossil fuel finance were published this week 🚨

iopscience.iop.org/article/10.108…

theguardian.com/environment/20…

🧵

In the first, @niccolo_berlin, @jan_c_steckel and @Jakob_MCC dig into who is building, developing, financing and banking for new coal power plants. They differentiate between these four actors, showing the global scope of fossil fuel finance

iopscience.iop.org/article/10.108…

Here you can see the central roles of China, Japan, the EU and the United States in the financial supply chain.

Note: these are commercial banks and institutional investors. This is about profit and return on investment, regardless of the climate and health consequences.

The banking on climate finance report looks into oil and gas, tar sands, fracking, LNG and coal projects. Again we see enormous sums from familiar names

These studies make visible what has likely gone on for a long time. They also reveal the hypocrisy behind #climatedelay discourses that push responsibility to foreign countries and distant fossil fuel projects.

The fact is we have jurisdiction over many of these companies, which ought to be used without delay