'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

Global Briefing: China's CO2 emissions fall despite coal generation rebound

Global Briefing: China's CO2 emissions fall despite coal generation rebound

Falling oil consumption cuts China's Q2 carbon emissions, US and UK to chart 'Pink Corridor' for nuclear-powered shipping, and Spain pushes for oil and gas tax to fund climate adaptation

BusinessGreen staff
clock 04 September 2026 • 9 min read
Reports: Government poised to approve Jackdaw gas project

Reports: Government poised to approve Jackdaw gas project

BBC reports Number 10 is expected to give green light to controversial project within weeks, sparking fresh questions over how increased emissions will fit into UK carbon budgets

James Murray
clock 04 September 2026 • 4 min read
Study: Summer 2026 heatwaves cost UK hospitality sector £95m a year in extra energy

Study: Summer 2026 heatwaves cost UK hospitality sector £95m a year in extra energy

Pubs, bars, restaurants and food providers paid £680 more per month on average for their energy as they ramped up air conditioning during the UK's record-breaking heatwaves this summer, Zero Carbon Company finds

clock 02 September 2026 • 3 min read