Study finds $6.9T bank financing for fossil fuels through opaque Dutch centers, highlighting lack of transparency and "greenwashing" practices.

A Tax Justice Network study reveals that trillions in bank financing for fossil fuel companies are funneled through opaque financial centers like the Netherlands. Analyzing $6.9 trillion in syndicated financing from 2016 to 2023, the research underscores a lack of transparency and highlights "greenwashing" practices. Despite reforms in the Netherlands, the true scale of fossil fuel financing remains obscured, intensifying calls for banks to cut such funding amid climate change concerns.

September 11, 2024
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