Rainforest Action Network

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

Investment

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

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

clock 17 June 2025 • 8 min read
'Serious compliance breach': Japanese bank MUFG accused of financing palm oil operations linked to 'vast greenhouse gas emissions'

Supply chain

'Serious compliance breach': Japanese bank MUFG accused of financing palm oil operations linked to 'vast greenhouse gas emissions'

EXCLUSIVE: Analysis by Rainforest Action Network alleges connection between MUFG and oil palm group that has been 'repeatedly linked' to fires and breaches of environmental regulations

clock 24 April 2025 • 6 min read
COP16 is a moment to make bold changes for the future of our planet

Biodiversity

COP16 is a moment to make bold changes for the future of our planet

Governments convened in Cali for the UN Biodiversity Summit need to turn off the money tap driving deforestation, writes Rainforest Action Network's Ginger Cassady

clock 25 October 2024 • 4 min read
'Banking on Climate Chaos': How banks have provided fossil fuel firms with almost $7tr since the Paris Agreement

Investment

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

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

clock 13 May 2024 • 11 min read
'Major failings': Just seven per cent of global bank's energy finance directed to renewables

Investment

'Major failings': Just seven per cent of global bank's energy finance directed to renewables

New study led by financial and environmental campaign groups suggest global banks are struggling to deliver on the goals of the Glasgow Financial Alliance for Net Zero

clock 24 January 2023 • 4 min read
Why are climate-committed banks living in a fuel's paradise?

Investment

Why are climate-committed banks living in a fuel's paradise?

The world's biggest banks are struggling to live up to their net zero commitments, and activists have noticed

clock 08 April 2022 • 7 min read

Investment

'Fuelling climate chaos': How big banks poured $750bn into fossil fuels during the pandemic year

Fossil fuel financing declined by nine per cent in 2020 amid the economic downturn, but campaigners warn overall trend is 'one heading definitively in the wrong direction'

clock 24 March 2021 • 8 min read

Supply chain

PepsiCo applies strengthened palm oil rules to entire supply chain

Drinks giant developed new policy in partnership with the Rainforest Action Network and the International Labor Rights Forum (ILRF) In bid to guard against deforestation and labour rights abuses

clock 26 February 2020 • 2 min read