WORLD'S LARGEST BANKS PLEDGED $906BN TO FOSSIL FUEL FIRMS IN 2025

The world's largest banks committed $906 billion in financing to the fossil fuel industry in 2025, according to a new report. The figure represents a significant increase on previous years, with researchers describing the scale of investment as "unfathomable". The financing is directed towards coal, oil and gas production. JPMorgan Chase leads the group of 65 banks identified in the report as making decisions incompatible with restraining rising global temperatures.

The report identifies 65 major banks whose lending and investment activity in the fossil fuel sector continued to expand last year. Researchers found that the level of financing locks in years of further coal, oil and gas production. The decisions made by these institutions were assessed as incompatible with efforts to limit global temperature rises. JPMorgan Chase was singled out as the leading financier among the banks examined.

The findings place fresh scrutiny on the lending practices of major global financial institutions at a time when governments and international bodies continue to debate climate commitments. The report's conclusions apply specifically to activity recorded in 2025. The 65 banks named in the report collectively represent a substantial portion of global fossil fuel financing. The report does not indicate that any of the institutions have announced plans to alter their financing strategies in response to its findings.