Global Banks Increase Fossil-Fuel Funding as Climate Pledges Crumble

The world’s largest lenders committed $869.4 billion to companies conducting business in fossil fuels in 2024, according to the “Banking on Climate Chaos” report published on Tuesday. Read More

Banks backtracked on climate pledges last year, handing €750bn to fossil fuel firms

In total, banks have financed fossil fuels to the tune of €6.9 trillion since the Paris Agreement was signed. View on euronews ... Read More

The World’s Banks are Still Betting on Fossil Fuel Industry Growth

The biggest funders of fossil fuel expansion are U.S. banks that, like those in other countries, are retreating on their climate commitments. Read More

Banks bet big on fossil fuels, boosting financing in 2024, report finds

By John Cannon Financing for the fossil fuel sector from the world’s largest banks surged in 2024 to $869 billion, according to a recent report by the Rainforest Action Network (RAN) and other ... Read More

World’s biggest banks ‘financed fossil fuels by £5.5tn since Paris ...

The 15th annual Banking On Climate Chaos report found that banks including Barclays and HSBC committed 705 billion dollars to fossil fuels in 2023. Read More

Global CO2 emissions from fossil fuels to rise by less than 1% ... - CNN

Finally, some good news in the battle against greenhouse gasses: Carbon dioxide (CO2) emissions from the burning of fossil fuels are on track to rise less than 1% this year. Read More

Stop penalizing fossil fuels, says global bank's sustainability chief

Julian Wentzel, who was appointed chief sustainability officer at Europe’s largest bank this month, says an overly restrictive policy toward fossil fuels puts at risk the reliable supply of ... Read More

Global Banks Make Little Headway in Addressing Climate Change

The world’s largest banks are showing little progress when it comes to their promise of helping the world avoid the worst consequences of global warming. Read More

Global carbon dioxide emissions from fossil fuels reach record high

It's been another record-breaking year for carbon dioxide (CO2) emissions from fossil fuels, European researchers reported in a new study released early Tuesday in Dubai. Read More

Boosted by Trump, banks resume their love affair with fossil fuels

Boosted by Trump, Banks Resume Their Love Affair With Fossil Fuels A new report reveals massive backtracking on climate pledges. Read More

Bessent Encourages World Bank to Invest in Gas and Fossil Fuels

Treasury Secretary Bessent on Wednesday encouraged the World Bank to invest in gas and fossil fuels. "The World Bank must be tech neutral and prioritize affordability in energy investment. In most ... Read More

‘Greenwashing’ banks raised 1 trillion dollars for fossil fuel ...

Banks with net zero pledges helped raise $1 trillion for companies expanding fossil fuels Among them is NatWest, which may have broken climate pledge by funding BP BP is developing a ‘carbon bomb’ in ... Read More