Financing of fossil fuel industry by banks worldwide 2016-2023

JPMorgan Chase financed the global fossil fuel sector to the tune of nearly 41 billion U.S. dollars in 2023 alone. The American banking giant's fossil fuel financing reached 462 billion U.S. dollars since the Paris Agreement was signed in 2016. Other well-known banks such as Wells Fargo, Citi, Bank of America, and RBC followed closely behind with each one managing to lend or underwrite a total sum exceeding 200 billion U.S. dollars to fossil fuel companies between 2016 and 2023.