Global Banks Increase Fossil-Fuel Funding as Climate Pledges Crumble

New report shows that banks poured nearly $900 billion into financing coal, oil and gas projects in 2024. Read More

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

A new report from a coalition of environmental and banking advocacy groups, published Tuesday, finds that the world’s 65 biggest banks committed $869 billion to fossil fuels companies in 2024 ... 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

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

The world’s biggest banks increased their fossil fuel financing last year for the first time since 2021, a new report reveals. The top 65 banks provided $869 billion (€751bn) to thousands of oil and ... Read More

Big banks ramp up fossil-fuel financing, climate groups find

In 2021, banks pledged to wind down their support for oil and gas. Last year they made a $162 billion U-turn, according to a new report from a coalition of advocacy groups. Read More

Banks Boost Fossil Fuel Financing for The First Time since 2021

The world’s biggest banks raised their combined financing for fossil fuels by more than one-fifth last year, bucking a falling trend since 2021 amid a backlash against net-zero policies ... Read More

Banks significantly increased fossil fuel financing in 2024, analysis finds

Banking on Climate Chaos report found a shift in direction after fossil fuel financing had been decreasing over the previous four years. Read More

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

Back in 2023, JPMorgan Chase & Co. said that “a singular focus on fossil fuels won’t successfully achieve the necessary transition of the global energy system.” ... Read More

Banks Make Little Headway in Addressing Climate Change

Banks Make Little Headway in Addressing Climate Change Financing ratio for low-carbon energy rose slightly in 2023 Key number remains far below net zero emissions goal of 4 to 1 ... Read More