France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows

French banks have financed $154bn to firms running biggest fossil fuel projects since 2015 climate pact

France is Europe’s biggest supporter of “carbon bomb” extraction projects that hold enough fossil fuels to pump out more than a gigaton of CO₂ each, the Guardian can reveal.

Since world leaders gathered in the French capital to sign the Paris agreement in 2015 – where they promised to try to stop the planet heating by 1.5C above pre-industrial levels – French banks have financed companies planning or operating carbon bombs amounting to $154bn.