Investing

A new report by Climate Home has exposed a troubling contradiction at the heart of Europe's sustainable investment efforts. Millions of dollars from EU "green" funds are being invested in some of the world's biggest coal companies, directly undermining international agreements to reduce reliance on coal-fired power. The report reveals that European entities have invested over €65 million in major coal firms across China, India, Indonesia, the United States, and South Africa. These companies are responsible for massive carbon emissions, exceeding the combined emissions of four entire countries. This flies...