The world's largest banks increased their financing to fossil fuel companies by $906 billion in 2025, significantly exceeding the previous year's investment.

World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds https://www.theguardian.com/environment/2026/jun/09/world-banks-pledge-billions-fossil-fuel-industry-2025

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