Worldās largest banks pledged $906bn to fossil fuel companies in āunfathomableā increase in 2025, report finds | TheBriefWire
Worldās largest banks pledged $906bn to fossil fuel companies in āunfathomableā increase in 2025, report finds
Published 9 June 2026 Ā· science
JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say The worldās largest banks committed $906bn in financing to the fossil
JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say The worldās largest banks committed $906bn in financing to the fossil fuel industry last year, an āunfathomableā increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found. The surge in new fossil fuel lending, up $64bn or nearly 8% on 2024, shows that the worldās largest 65 banks are making decisions incompatible with international agreements to restrain rising global temperatures, according to the coalition of environmental groups behind the new analysis. Continue reading...
Published: June 9, 2026 ā¢ 1:30 PM IST Ā· Updated: June 9, 2026 ā¢ 2:09 PM ISTBy TheBriefWire Editorial Team
Key points
JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say The worldās largest banks committed $906bn in financing to the fossil fuel industry last year, an āunfathomableā increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found.
The surge in new fossil fuel lending, up $64bn or nearly 8% on 2024, shows that the worldās largest 65 banks are making decisions incompatible with international agreements to restrain rising global temperatures, according to the coalition of environmental groups behind the new analysis.
The BriefWire