Farhana Yamin, one of the world’s best-known climate change lawyers, said: “The financial sector funds climate destruction and needs to clean up its act.
Representatives from four banks were also appointed to the advisory group – Citi, HSBC, Santander and UBS. Between them, these banks have invested more than £300bn in fossil fuels since 2016, according to the recent report ‘Banking on Climate Chaos’ by the Rainforest Action Network.
Council members also include the airplane giant, Airbus. Planes sold by the company in 2019 and 2020 will produce more than one billion tonnes of carbon dioxide during their lifetimes, according to recently released estimates.