Cumulative financing of fossil fuel industry by banks worldwide 2016-2023
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.