World's 65 Biggest Banks Pumped $906 Billion Into Fossil Fuels in 2025
Campaigners said U.S. and Japanese banks drove the increase as the 65 largest lenders kept funding oil, gas and coal.
- On Tuesday, a group of NGOs reported that the world's 65 leading banks increased fossil fuel financing by 8% last year, reaching a total of $906 billion.
- The 17th edition of the "Banking on Climate Chaos" report found this trend reverses declines in 2022 and 2023, when major institutions had prioritized ESG policies and climate commitments.
- JPMorgan Chase leads the pack with $58.2 billion in 2025, a 12.5% increase from 2024, while Bank of America and Mitsubishi UFJ Financial Group each provided $47 billion.
- While European banks reduced their financing share, United States banks now account for the largest source of fossil capital globally, with their share rising to 32% last year.
- The report added that banks face a choice: continue amplifying climate destruction or align capital flows with renewable energy, which is now cheaper, faster, and more secure.
19 Articles
19 Articles
World's 65 Biggest Banks Pumped $906 Billion Into Fossil Fuels in 2025
The biggest banks in the world increased financing for fossil fuels by 8% in 2025 from a year earlier, committing a total of $906 billion to fossil fuel companies amid climate policy rollbacks, especially at U.S. and Japanese banks. Since the Paris Agreement of 2015, the world’s 65 largest banks have financed oil, natural gas, and coal operations with a combined $8.7 trillion, showed the annual Banking on Climate Chaos report from campaigners co…
The world's leading banking giants, US and Japanese, have provided more than $900 billion in financing for fossil fuels last year, says a consortium
While major global institutions provided $900 billion in funding to the sector in 2025, tricolor groups saw their commitments decline year after year.
An analysis of the 65 largest banks in the world reveals a remarkable increase in the financing of the fossil fuel industry by these entities. Despite being primarily responsible for climate change and that science points to the need to unhook from coal, oil and gas, last year these 65 entities increased their commitment to that sector: funding increased by 8% compared to 2024, reaching $906 billion, according to the Report Banking on Climate Ch…
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