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

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

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

What is this now again? "The world’s largest banks committed $906bn 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." https://www.theguardian.com/environment/2026/jun/09/world-banks-pledge-billions-fossil-fuel-industry-2025