The world's biggest banks gave fossil fuel companies $3.8 trillion in financing in the years following the Paris agreement, according to a new report.
Taking a sports analogy, renewables proliferation resembled a sprint for most of the last decade.
A new International Monetary Fund (IMF) study
Global fossil fuel subsidies were expected to total US$5.7 trillion in 2017, and U.S. subsidies in 2015 exceeded the country’s profligate military spending, according to analysis released earlier…