The bond-underwriting fees banks earn from fossil-fuel companies are not worth it, given the associated environmental impact and reputational risk, according to a group of climate-focused nonprofits.

For 22 leading global banks, the multimillion dollar revenues from arranging bond sales for coal, oil, and gas companies pale in comparison to the climate impact of their emissions profile, the Toxic Bonds campaign said, citing an analysis of data from firms including Bloomberg LP.

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