Who is funding fossil fuel expansion?

Last December, as the world witnessed a year of record-breaking emissions and global temperatures driven by the burning of fossil fuels, leaders agreed to "transition away" from coal, oil and gas. The agreement, which was struck at the COP28 climate summit in Dubai, heralded the "beginning of the end" of the fossil fuel era. But as heads of state and government meet in Baku, Azerbaijan for this year's COP29 summit, trillions of dollars are still flowing into fossil fuel development.