"In 2015, countries agreed in the Paris climate deal to strive to avert a breaching of 1.5C in global heating above preindustrial times, beyond which the world will suffer ever more ruinous heatwaves, floods, droughts and other climate-fueled disasters.
Avoiding such a threshold would require the near elimination of planet-heating emissions from fossil fuel production. Since the Paris agreement, however, the world’s largest banks have funnelled $8.7tn to the fossil fuel industry to dig and drill for more coal, oil and gas."