Key Takeaway
Study says UK-based banks provided $8. 3bn in coal financing in four years, with Barclays and HSBC leading riseUK banks are Europe’s biggest financial backers of the global coal industry, providing billions of pounds in funding for the climate-wrecking fossil fuel in the past four years, according to a report.
Published September 30, 2026 · Category: News
Overview
Study says UK-based banks provided $8.3bn in coal financing in four years, with Barclays and HSBC leading rise
UK banks are Europe’s biggest financial backers of the global coal industry, providing billions of pounds in funding for the climate-wrecking fossil fuel in the past four years, according to a report.
Details
The study found UK-based banks had provided $8.3bn (£6.2bn) in coal financing since Cop26 in Glasgow in 2021, when global leaders pledged to “phase down” coal use. This compared with $4.9bn from German banks and $3.4bn from French banks over the same period.
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Source
Originally published at www.theguardian.com.
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What is "UK banks are Europe’s biggest coal financiers, report finds" about?+
Study says UK-based banks provided $8.3bn in coal financing in four years, with Barclays and HSBC leading riseUK banks are Europe’s biggest financial backers of the global coal industry, providing billions of pounds in funding for the climate-wrecking fossil fuel in the past four years, according to a report.The study found UK-based banks had provided $8.3bn (£6.2bn) in coal financing since Cop26 in Glasgow in 2021, when global leaders pledged to “phase down” coal use. This compared with $4.9bn
Who reported this story?+
This story was reported by The Guardian World.