Global banks financed fossil fuels with $8.7 trillion since the Paris Agreement; $906 billion in 2025 alone; JPMorgan Chase, Bank of America, and MUFG are the world’s three worst funders

Released recently, the 17th edition of Banking on Climate Chaos (BOCC) report finds that the world’s 65 largest banks committed $906 billion to fossil fuel companies in 2025, an increase of 8% from the previous year. Since the Paris Agreement was signed a decade ago, these banks have channeled $8.7 trillion into oil, gas, and coal operations. The report is the world’s most comprehensive open-source dataset on fossil fuel financing by commercial banks. The report finds that JPMorgan Chase remains the #1 fossil fuel financier in the world, providing $58…

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