The 16th annual Banking on Climate Chaos (BOCC) covers the world’s top 65 banks’ lending and underwriting to over 2,700 fossil fuel companies. Backgrounder of the report’s key findings can be found here. While the world’s top scientists from the International Energy Agency (IEA) repeatedly state that there is no need for a single new oil field, tanker, pipeline, or any fossil fuel expansion whatsoever, banks ignore climate risk and increase finance for dirty energy companies expanding their sector. This is amidst a rapid retreat from climate commitments many of…
Read MoreBanks fossil fuel finance totals $869 billion in 2024, a dramatic increase in financing
