Global banks finance fossil fuel with $8.7tn since the Paris Agreement
Major banks are putting increasing amounts of money into fossil fuel. 2025 saw nearly $1tn of investment in fossil fuel companies, even as energy instability is deepening the global cost-of-living crisis. The 17th edition of the Banking on Climate Chaos (BOCC) report finds that the world’s 65 largest banks committed $906bn to fossil fuel companies in 2025. This was an increase of 8% from the previous year. Since the Paris Agreement a decade ago, these banks have channelled $8.7tn into oil, gas, and coal operations. The report is the world’s most comprehensive open-source dataset on fossil fuel financing by commercial banks.…
