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Istanbul World
WORLD2026-07-0108:30:00 UTC

Major Banks Amplify Investments in Fossil Fuels Amid Industry Shift

Editorial Staff · 1 min read

A recent study reveals that major banks are ramping up their investments in the fossil fuel industry, particularly as it seeks to expand into petrochemical products.

The research highlights a notable shift in focus for the oil sector, which is increasingly turning towards the production of plastics, pesticides, and other petrochemicals.

This trend raises concerns about the long-term implications for environmental sustainability and the ongoing reliance on fossil fuels.