'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

Smart home energy appliances need a smart market

Smart home energy appliances need a smart market

Smart appliances can and should be smart by default, enabling consumers to benefit from their devices without having to actively manage them, writes Murat Omercik from ADE: Demand

Murat Omercik, ADE: Demand
clock 26 February 2026 • 3 min read
ONS: UK's low carbon and clean energy sectors generate record revenues of £77bn in 2024

ONS: UK's low carbon and clean energy sectors generate record revenues of £77bn in 2024

Impressive growth in turnover and employment continues across the UK's low carbon and renewable energy industries, latest Office for National Statistics data confirms

Michael Holder
clock 25 February 2026 • 6 min read
Energy price cap to fall seven per cent saving average household £117 a year

Energy price cap to fall seven per cent saving average household £117 a year

Domestic bills down by more than £200 on a year ago, but analysts warn consumers remain exposed to volatile fossil fuel markets

James Murray
clock 25 February 2026 • 4 min read