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 2021 report released by the Rainforest Action Network (ran.org), 60 of the world's largest banks put approximately 3.8 trillion U.S. dollars into financing fossil fuel companies between 2016 and 2020.
In 2020, the total value of Banco Santander 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 2020 were expansion projects.
Total value of financing for companies active across the fossil fuel life cycle by Banco Santander worldwide in 2020, by type
(in million U.S. dollars)
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Rainforest Action Network. (March 24, 2021). Total value of financing for companies active across the fossil fuel life cycle by Banco Santander worldwide in 2020, by type (in million U.S. dollars) [Graph]. In Statista. Retrieved December 26, 2024, from https://www.statista.com/statistics/1115971/value-of-financing-for-fossil-fuel-companies-by-santander-by-type/
Rainforest Action Network. "Total value of financing for companies active across the fossil fuel life cycle by Banco Santander worldwide in 2020, by type (in million U.S. dollars)." Chart. March 24, 2021. Statista. Accessed December 26, 2024. https://www.statista.com/statistics/1115971/value-of-financing-for-fossil-fuel-companies-by-santander-by-type/
Rainforest Action Network. (2021). Total value of financing for companies active across the fossil fuel life cycle by Banco Santander worldwide in 2020, by type (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 26, 2024. https://www.statista.com/statistics/1115971/value-of-financing-for-fossil-fuel-companies-by-santander-by-type/
Rainforest Action Network. "Total Value of Financing for Companies Active across The Fossil Fuel Life Cycle by Banco Santander Worldwide in 2020, by Type (in Million U.S. Dollars)." Statista, Statista Inc., 24 Mar 2021, https://www.statista.com/statistics/1115971/value-of-financing-for-fossil-fuel-companies-by-santander-by-type/
Rainforest Action Network, Total value of financing for companies active across the fossil fuel life cycle by Banco Santander worldwide in 2020, by type (in million U.S. dollars) Statista, https://www.statista.com/statistics/1115971/value-of-financing-for-fossil-fuel-companies-by-santander-by-type/ (last visited December 26, 2024)
Total value of financing for companies active across the fossil fuel life cycle by Banco Santander worldwide in 2020, by type (in million U.S. dollars) [Graph], Rainforest Action Network, March 24, 2021. [Online]. Available: https://www.statista.com/statistics/1115971/value-of-financing-for-fossil-fuel-companies-by-santander-by-type/
