JPMorgan Chase financed the global fossil fuel sector to the tune of 430.9 billion U.S. dollars between 2016 and 2023. 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 250 billion U.S. dollars to fossil fuel companies since 2016.
Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2023
(in billion U.S. dollars)
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Rainforest Action Network. (July 11, 2024). Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/
Rainforest Action Network. "Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2023 (in billion U.S. dollars)." Chart. July 11, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/
Rainforest Action Network. (2024). Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/
Rainforest Action Network. "Cumulative Financing of Fossil Fuel Industry by Selected Banks Worldwide from 2016 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Jul 2024, https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/
Rainforest Action Network, Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/ (last visited December 23, 2024)
Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2023 (in billion U.S. dollars) [Graph], Rainforest Action Network, July 11, 2024. [Online]. Available: https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/
