Together with Naturskyddsföreningen and Greenpeace, Fair Finance Guide has made a review on recent investments by Swedish banks. It shows banks are continuing lending money to companies looking for new fossil deposits, even though it is against the Paris Agreement. SEB, Nordea, Swedbank and Danske Bank have together lent SEK 116 billion to fossil fuel companies in the past two years. More than half of the money (68 billion) has gone to companies that are expanding their extraction, despite the fact that the hunt for additional fossil fuels is contrary to the Paris Agreement. None of the fossil fuel companies have adopted robust phase-out plans in line with the climate goals. Fair Finance Guide does a great job reviewing our banks, exposing when they doesn’t follow their own policy or the Paris Agreement. Read more (Swe), and email your bank letting them know what you think: https://fairfinanceguide.se/senaste-nytt/2022/svenska-banker-stoeder-utslaeppsjaettar/