×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Banks fuelling climate crises by funding harmful projects - report

UN Secretary-General Antonio Guterres speaks during the Africa Climate Summit at the KICC in Nairobi. [Wilberforce Okwiri, Standard]

Most of the world's biggest banks are channelling trillions of shillings to harmful projects causing climate crises, a report shows.

The report by Action Aid reveals that far more of the world's money flowing into developing countries is directly harming vulnerable communities than creating solutions.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Sci & Tech
Coastal startups test regional markets without capital backing
Business
Government, private sector to introduce BT cotton in Lamu
By AFP 5 hrs ago
Sci & Tech
Musk's Grok barred from undressing images after global backlash
Business
Epra announces new fuel prices in latest review