The group expected to acquire the UK’s Green Investment Bank (GIB) has loaned billions of pounds to help finance controversial fossil fuel projects around the world, according to an Energydesk analysis. Recent reports suggest Australian bank Macquarie is set to purchase the GIB, the main means by which the UK government funds clean energy, for
Britain’s Green Investment Bank Bought Out By Fracking And Coal Financier
Macquarie backs fracking in the UK and beyond, holds positions in climate change denying oil majors such as ExxonMobil, and has loaned hundreds of millions to coal companies and projects.