The Bank of England has been criticised for funding carbon-intensive companies during the pandemic. The Environmental Audit Committee has stated that companies should disclose their climate related activities when receiving funding.
Many of the 230 companies which have received funding are said to produce a lot of carbon emissions. Since June 2020, it has been estimated that 56% of Covid funding has been allocated to high carbon sectors.
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Funding carbon-intensive companies is good. Thank you!
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