Source link : https://tech365.info/new-report-international-banks-financed-fossil-fuels-with-8-7-trillion-because-the-paris-settlement-906-billion-in-2025-alone-cleantechnica/
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JPMorgan Chase and Financial institution of America are the world’s high two fossil gasoline funders.
NEW YORK, NY — The seventeenth version of the Banking on Local weather Chaos (BOCC) report launched as we speak finds that the world’s 65 largest banks dedicated $906 billion to fossil gasoline firms in 2025, a rise of 8% from the earlier yr. Because the Paris Settlement was signed a decade in the past, these banks have channeled $8.7 trillion into oil, gasoline, and coal operations. The report is the world’s most complete open-source dataset on fossil gasoline financing by business banks.
The report finds that JPMorgan Chase stays the biggest fossil gasoline financier on the earth, offering $58 billion to fossil gasoline firms in 2025, up 12.6% from 2024. Financial institution of America ranks second at $47 billion, and Japan’s Mitsubishi UFJ Monetary Group (MUFG) ranks third at $47 billion, a 21% enhance in a single yr. The “Dirty Dozen” — the twelve largest fossil gasoline banks — now present practically 40% of all international financial institution fossil gasoline financing throughout roughly 2,000 banks worldwide.
Financing for firms actively increasing fossil fuels surged 27% to $508 billion in 2025. Any such enlargement financing is incompatible with limiting international warming to 1.5°C. The report additionally finds a pointy enhance in financial institution…
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Author : tech365
Publish date : 2026-06-11 03:58:00
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