Bank financing of fossil fuel industry worldwide 2016-2019

Published by Statista Research Department, May 24, 2022
Bank financing of the fossil fuel sector reached 735.62 billion U.S. dollars in 2019, up from 639.74 billion U.S. dollars in 2016, the year the Paris Agreement was signed. JPMorgan Chase, Wells Fargo, and Citi were the banks which lent and underwrote the most for the fossil fuel sector between 2016 and 2019.

Bank financing of fossil fuel industry worldwide from 2016 to 2019 (in billion U.S. dollars)

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Release date

March 2020

Region

Worldwide

Survey time period

2016 to 2019

Supplementary notes

Bank financing for over 2100 companies active across the fossil fuel cycle were analyzed by the source.

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