“Most companies and financial institutions with the greatest ability to halt deforestation are doing little or nothing,” said Niki Mardas, Executive Director at Global Canopy, which conducted the research.

Critics say the North Yorkshire power station is likely to continue burning wood pellets for electricity, and that the amounts granted to new projects are too low to result in any significant technological breakthroughs.

DeSmog's UK team looks back at the best stories of a turbulent year.

Marcus Fysh, the MP for Yeovil, also has a stake in two banks that have financed billions in fossil fuels.

Oil and gas companies should be asking themselves whether they are investing in “the right kind of CCS”, its lead author said.

The ‘sustainability principles’ outlined in the document could in fact contribute to increased carbon emissions in the atmosphere, a policy analyst has claimed.

Campaigners criticised the Spanish energy giant and its subsidiary ScottishPower, an official COP26 sponsor, over their green PR at the UN climate summit.

The major American bank is helping fund the Coastal Gaslink pipeline, which threatens First Nation lands in Canada.

“This is a very cheap shot, really a sign of desperate grasping for something to criticise,” a professor of environmental studies said in response to the news.

The major U.S. car producer has a history of supporting climate science denial and lobbying for weaker climate policies.