Despite growing pressure on governments and banks to focus energy financing towards greener paths, some the world's biggest banks have continued to increase their financing into companies active in the fossil fuel life cycle. In a 2020 report released by the Rainforest Action Network (ran.org), 35 of the world's largest banks put approximately 2.75 trillion U.S. dollars into financing fossil fuel companies between 2016 and 2019.
In 2019, the total value of BBVA financing to companies active across the fossil fuel life cycle increased from the previous year. The fossil fuel sector that received the most financing from BBVA in 2019 were expansion projects.
Total value of financing for companies active across the fossil fuel life cycle by Banco Bilbao Vizcaya Argentaria (BBVA) worldwide in 2019, by type
(in million U.S. dollars)
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Rainforest Action Network. (March 18, 2020). Total value of financing for companies active across the fossil fuel life cycle by Banco Bilbao Vizcaya Argentaria (BBVA) worldwide in 2019, by type (in million U.S. dollars) [Graph]. In Statista. Retrieved December 04, 2024, from https://www.statista.com/statistics/1115931/value-of-financing-for-fossil-fuel-companies-by-bbva-by-type/
Rainforest Action Network. "Total value of financing for companies active across the fossil fuel life cycle by Banco Bilbao Vizcaya Argentaria (BBVA) worldwide in 2019, by type (in million U.S. dollars)." Chart. March 18, 2020. Statista. Accessed December 04, 2024. https://www.statista.com/statistics/1115931/value-of-financing-for-fossil-fuel-companies-by-bbva-by-type/
Rainforest Action Network. (2020). Total value of financing for companies active across the fossil fuel life cycle by Banco Bilbao Vizcaya Argentaria (BBVA) worldwide in 2019, by type (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 04, 2024. https://www.statista.com/statistics/1115931/value-of-financing-for-fossil-fuel-companies-by-bbva-by-type/
Rainforest Action Network. "Total Value of Financing for Companies Active across The Fossil Fuel Life Cycle by Banco Bilbao Vizcaya Argentaria (Bbva) Worldwide in 2019, by Type (in Million U.S. Dollars)." Statista, Statista Inc., 18 Mar 2020, https://www.statista.com/statistics/1115931/value-of-financing-for-fossil-fuel-companies-by-bbva-by-type/
Rainforest Action Network, Total value of financing for companies active across the fossil fuel life cycle by Banco Bilbao Vizcaya Argentaria (BBVA) worldwide in 2019, by type (in million U.S. dollars) Statista, https://www.statista.com/statistics/1115931/value-of-financing-for-fossil-fuel-companies-by-bbva-by-type/ (last visited December 04, 2024)
Total value of financing for companies active across the fossil fuel life cycle by Banco Bilbao Vizcaya Argentaria (BBVA) worldwide in 2019, by type (in million U.S. dollars) [Graph], Rainforest Action Network, March 18, 2020. [Online]. Available: https://www.statista.com/statistics/1115931/value-of-financing-for-fossil-fuel-companies-by-bbva-by-type/
