How the world's biggest banks increased fossil fuel financing to $869bn in 2024

Stuart Stone
clock • 8 min read
Credit: iStock
Image:

Credit: iStock

In a reversal of recent trends fossil fuel funding from the world's top 65 banks increased $84.8bn in 2024, according to the annual Banking on Climate Chaos report

The world's largest banks dramatically increased lending and underwriting to thousands of fossil fuel companies in 2024, as total levels of financing rose by $84.8bn to reach $869bn. That is the stark...

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