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‘Extreme’ Fossil-Fuel Lending Fell in 2017 -- Except in Canada

  • Ninth report from green groups ranks lending policies
  • Deal-making in Canada masks overall decline in lending
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Photographer: Ben Nelms/Bloomberg

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A busy year of deal-making in Canada’s oil sands last year masked a global decline in bank financing of the fossil fuel projects environmentalists say have the worst impact on the planet, according to research by a consortium of nonprofits.

The ninth annual Fossil Fuel Finance Report Card analyzes financing of "extreme fossil fuels" such as oil sands, Arctic and ultra-deepwater oil, liquefied natural gas, coal mining and coal-fired power.