Banks’ fossil fuel financing increased 8% in 2025: report
A new report reveals that the world's largest banks increased their financing for fossil fuel companies by 8% in 2025, reaching $906 billion. Funding specifically for fossil fuel expansion projects rose by 27%, with U.S.-based banks leading the increase.
Why it matters
The continued growth in fossil fuel financing by major financial institutions poses a significant challenge to global climate goals and the transition to sustainable energy.
The world’s largest banks committed $906 billion to fossil fuel financing, with funding for expansion rising 27%, according to the latest Banking on Climate Chaos report.
The article focuses on the negative environmental impact of banking practices, citing advocacy groups like the Sierra Club and Reclaim Finance.
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