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.
