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Leading investment banks for expanding fossil fuel companies from 2016 to 2024 (in billion U.S. dollars)

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Sources

Release date

June 2025

Region

Worldwide

Survey time period

2016 to 2024

Supplementary notes

Bank financing for 873 leading oil, gas, and coal companies expanding fossil fuels was analyzed by the source.

Figures have been rounded.

Figures before 2021 were taken from previous reports.

Citation formats

Bank financing for expanding fossil fuel companies worldwide 2016-2024

Published by K. Scholle, Sep 25, 2025

Since the Paris Agreement of 2016, some of the world's largest investment banks have provided billions of dollars to finance fossil fuel companies expansions in areas such as fracking and Arctic oil and gas exploration. Of these banks, the majority are American, with JPMorgan Chase as the leading financer. In 2024, JPMorgan financed expanding fossil fuel companies with **** billion U.S. dollars. Fossil fuel companies are the biggest emitters of greenhouse gases on the planet, with the biggest polluter being the state-owned oil and gas company Saudi Aramco.

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