JPMorgan Chase financed oil, gas, and coal companies expanding fossil fuels to the tune of 102.3 billion U.S. dollars between 2016 and 2019. Other well-known banks such as Citi, Bank of America, Scotiabank, and Wells Fargo followed closely behind with each one managing to lend or underwrite a total sum between 50 and 70 billion U.S. dollars to oil, gas, and coal companies expanding fossil fuels since the Paris Agreement was signed in 2016.
Cumulative financing of oil, gas, and coal companies expanding fossil fuels by selected banks worldwide from 2016 to 2019
(in billion U.S. dollars)
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Rainforest Action Network. (March 18, 2020). Cumulative financing of oil, gas, and coal companies expanding fossil fuels by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1089819/bank-financing-fossil-fuel-expansion-globally/
Rainforest Action Network. "Cumulative financing of oil, gas, and coal companies expanding fossil fuels by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars)." Chart. March 18, 2020. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1089819/bank-financing-fossil-fuel-expansion-globally/
Rainforest Action Network. (2020). Cumulative financing of oil, gas, and coal companies expanding fossil fuels by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1089819/bank-financing-fossil-fuel-expansion-globally/
Rainforest Action Network. "Cumulative Financing of Oil, Gas, and Coal Companies Expanding Fossil Fuels by Selected Banks Worldwide from 2016 to 2019 (in Billion U.S. Dollars)." Statista, Statista Inc., 18 Mar 2020, https://www.statista.com/statistics/1089819/bank-financing-fossil-fuel-expansion-globally/
Rainforest Action Network, Cumulative financing of oil, gas, and coal companies expanding fossil fuels by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1089819/bank-financing-fossil-fuel-expansion-globally/ (last visited December 23, 2024)
Cumulative financing of oil, gas, and coal companies expanding fossil fuels by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars) [Graph], Rainforest Action Network, March 18, 2020. [Online]. Available: https://www.statista.com/statistics/1089819/bank-financing-fossil-fuel-expansion-globally/
