An analysis by DeSmog revealed 65% of directors from 39 big banks had connections to the world’s most polluting energy sources. The majority of directors at the world’s biggest banks have affiliations to polluting companies and organizations, a DeSmog investigation shows. The findings raise concerns over a systemic conflict of interest at a time when the international financial sector is under increasing pressure to stop funding fossil fuels. DeSmog’s analysis found 65% of directors from 39 banks had 940 past or current connections to industries that could be considered climate-conflicted. Directors with affiliations to companies involved in extracting oil, gas and coal — the world’s most polluting energy sources — were well-represented across bank boardrooms, with 16% of all board members having current or previous roles in the polluting energy sector.
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