ING continues to finance companies that start new oil, gas, and coal projects and enables the polluting behaviour of Shell, thereby contributing to the climate crisis. ING invests the most money of any Dutch bank into oil and gas and has supported the fossil fuel industry since the Paris Agreement with 83.2 billion euros through the issuance of bonds
‘The era of global warming has ended; the era of global boiling has arrived.’4 These are the words of António Guterres, Secretary-General of the United Nations, on 27 July 2023. Guterres is correct, 2023 was a year with heat records across the planet and other extreme circumstances such as severe flooding and destructive forest fires. Last September, Storm Daniel left a trail of destruction, with at least 5,200 dead in Libya.
These increasing weather extremes are not a coincidence. The risk of storms like Daniel will increase significantly due to the climate crisis. It is a sign climate change is not a problem for the future, but is a threat to life right now.
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