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UK banks are Europe’s biggest coal financiers, report finds

The Guardian UK Wednesday 30 September 2026, 11:58 UTC By Matthew Taylor 1 min read
Key Points

Study says UK-based banks provided $8.3bn in coal financing in four year, 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 recking fossil fuel in the past four years, according to a report. The study found UK-based banks provided $8.3bn (£6.2bn) in coal financing since Cop26 in Glasgow in 2021, when global leaders pledged to “phase down” coal use.

Study says UK-based banks provided $8.3bn in coal financing in four year, 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 recking fossil fuel in the past four years, according to a report.

The study found UK-based banks provided $8.3bn (£6.2bn) in coal financing since Cop26 in Glasgow in 2021, when global leaders pledged to “phase down” coal use.

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UK (LOCATION) Europe (LOCATION) Study (ORG) Barclays (ORG) HSBC (ORG) Glasgow (LOCATION)
Originally published by The Guardian UK Read original →

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