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Polluting industries are overwhelmingly represented on the boards of the UK’s banks by directors with past and current connections to high-carbon and environmentally damaging companies, a new DeSmog analysis has found, prompting concerns that the boards’ personnel pose a systemic obstacle to climate action.
Research by DeSmog shows that 80 percent of board members at the UK’s five biggest banks have affiliations with environmentally damaging companies, either as current or previous advisors or employees.
