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Published on: 08. November 2023

Report: A quarter of ‘carbon bombs’ financed by EU companies

HUTUBI, CHINA - DECEMBER 19: Employees work at an exploratory well, with an estimated hundred-billion-cubic-meter natural gas and oil reserves, operated by China National Petroleum Corporation CNPC in the middle of southern margin of Junggar Basin on December 19, 2020 in Hutubi County, Xinjiang Uyghur Autonomous Region of China. PUBLICATIONxINxGERxSUIxAUTxHUNxONLY Copyright: xVCGx CFP111311227425

According to a new report by CAN Europe, Friends of the Earth and other NGOs, a quarter of the world's largest fossil fuel extraction projects are operated or financed by EU companies and banks. The alliance is calling for mandatory climate transition plans as part of the EU's due diligence law.

Leonie Düngefeld

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Last updated: 24. July 2025

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