<div id="readability-page-1">Many banks, financial firms and insurance companies have made bold public commitments to do their part to rein in climate change. But the Pulitzer Center for Investigative Reporting has revealed that those same companies are financing the search for new sources of fossil fuels and new infrastructure to burn them. According to global scientific consensus, tapping any new oil and gas reserves will likely produce catastrophic outcomes. Josephine...</div>

<p>A report by the Pulitzer Center for Investigative Reporting reveals that major banks, financial firms, and insurance companies, despite their public commitments to combat climate change, are financing new fossil fuel exploration and infrastructure. This contradicts global scientific consensus, which warns that exploiting new oil and gas reserves could lead to catastrophic consequences for the climate.</p>

Report: Big finance fueling climate crisis beyond tipping point