'Extreme' fossil fuel investments have surged under Donald Trump, report reveals

clock • 3 min read

Sharp rise globally in the dirtiest fossil fuel investments reverses progress made after the Paris agreement, with tar sands holdings more than doubling in Trump's first year in office

Bank holdings in "extreme" fossil fuels skyrocketed globally to $115bn during Donald Trump's first year as US president, with holdings in tar sands oil more than doubling, a new report has found. A...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

'Cherry picking data': Government and analysts hit back at latest Tufton Street attacks on net zero

'Cherry picking data': Government and analysts hit back at latest Tufton Street attacks on net zero

Right wing think tank accuses Climate Change Committee of overly optimistic clean tech cost estimates, but supporters of climate action counter that latest criticisms fail to recognise risks associated with continued reliance on fossil fuels

James Murray
clock 12 January 2026 • 10 min read
How Allye Energy is using batteries from old EVs to solve a 'brutal' energy transition paradox

How Allye Energy is using batteries from old EVs to solve a 'brutal' energy transition paradox

Jonathan Carrier, CEO and co-founder at Allye Energy, explains why the biggest opportunities for green start ups lie in 'unsexy', infrastructure-heavy sectors

Stuart Stone
clock 12 January 2026 • 8 min read
Study: Hourly 'carbon-free' electricity tariffs set to go mainstream

Study: Hourly 'carbon-free' electricity tariffs set to go mainstream

Study highlights rapid growth of new category of energy tariffs that aim to provide businesses with more credible renewable energy procurement

clock 09 January 2026 • 4 min read