'Banking on Climate Chaos': How banks have provided fossil fuel firms with almost $7tr since the Paris Agreement

Stuart Stone
clock • 11 min read
Credit: iStock
Image:

Credit: iStock

Fifteenth annual Banking on Climate Chaos study finds world's biggest banks gave more than $705bn to fossil fuel firms in 2023 alone, despite many being committed to reaching net zero emissions

The world's 60 largest private banks have provided just shy of $7tr in funding to the fossil fuel industry since 196 nations signed the Paris Agreement, with $705.8bn of investments confirmed in 2023 alone,...

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