Bank financing to fossil fuels continues to creep up
The 12 largest fossil fuel financiers provide nearly 40% of all global bank fossil fuel funding.
Banks increased their financing to fossil fuel companies for the second year in a row in 2025, providing US$906 billion amid policy rollbacks.
This is an 8% increase compared to 2024 – which marked the first increase since 2021. Since the Paris Agreement was signed in 2015, the world’s 65 top banks have channeled US$8.7 trillion into oil, gas, and coal operations, according to the annual Banking on Climate Chaos report.
