The world’s largest banks
committed💥 $906 billion
in financing to the fossil fuel industry last year,
-- an “unfathomable” increase in investment
locking in years more of #coal, #oil and #gas production
as the world continues to overheat, a new report has found.
The surge in new fossil fuel lending, up 💥$64bn or nearly 8% on 2024,
shows that the world’s largest
⭐️65 banks are making decisions incompatible with international agreements to restrain rising global temperatures,
according to the coalition of environmental groups behind the new analysis.
#JPMorgan #Chase is again the world’s leading financier of fossil fuels,
according to the annual "Banking on Climate Chaos" report,
after pushing $58bn to the sector last year – up 13% from 2024.
#Bank of #America committed the second largest amount to fossil fuels last year,
followed by Japanese banks #MUFG and #Mizuho Financial.
#Citigroup, another US bank, rounds out the top five,
with #Barclays, at number eight, the highest placed British bank.
https://www.theguardian.com/environment/2026/jun/09/world-banks-pledge-billions-fossil-fuel-industry-2025?CMP=Share_iOSApp_Other







