The world’s 65 biggest banks committed
$8,700,000,000,000
over 10 years to the fossil fuel industry, driving climate chaos & deadly health impacts.

Global Impact

Stories from the Frontlines

Climate change hits the frontlines first and worst. People living on the frontlines of climate chaos and the fossil fuel industry are predominantly Indigenous Peoples, Black and Brown communities, low-wage workers, women, fishers or smallholder farmers, often living in poverty. The featured frontline stories highlight people opposing fossil fuels in their communities, showing the world how to rise to the challenge of this moment.
      Click the points to explore more frontline stories      

Data Overview

This report adds up financial commitments – lending and underwriting of debt and equity issuances – from the world’s 65 biggest banks for the fossil fuel sector as a whole, as well as for companies expanding fossil fuels and companies active in specific sectors. Data is based on analysis from the Banking on Climate Chaos (BOCC) research which is derived using multiple sources including Bloomberg LP. Read our Methodology FAQ

The Dirty Dozen

The Biggest Fossil Fuel Financiers Since 2021

Top 12 banks financing fossil fuels globally, 2021-2025.

Fossil Fuel Financing

From The World’s 65 Biggest Banks

Lending and underwriting to the fossil fuel sector.

Financing By Year

Use the drop-down menu to explore the patterns in bank financing for fossil fuels over time. Click on any colored label on the x-axis to show or hide that data.

Total Fossil Fuel Financing

Financing across all sectors, adjusted for the proportion of business each company does in fossil fuels.

Expansion

Bank financing for 860 oil, gas, and coal companies expanding fossil fuels in 2025, based on research by Urgewald for the Global Oil & Gas Exit List 2025 and the Global Coal Exit List 2025. See methodology document download for full scope and source.

Upstream Oil & Gas Expansion

Bank financing for 330 companies which are actively expanding upstream oil & gas operations. These are companies taking steps to bring new upstream oil, natural gas, condensate, and/or natural gas liquids into production and/or have spent capex on oil and/or gas exploration within the previous three years of financing. Company selection is based on research by Urgewald for the Global Oil & Gas Exit List 2025. See company list document download for full list of companies.

Midstream Oil & Gas Expansion

Bank financing for 254 companies which are developing new oil and/or gas pipelines or which are developing new LNG export capacity. Company selection is based on research by Urgewald for the Global Oil & Gas Exit List 2025. See company list document download for full list of companies.

Gas & Oil Power Expansion

Bank financing for 289 companies which are developing new oil- or gas-fired power plants. Company selection is based on research by Urgewald for the Global Oil & Gas Exit List 2025. See company list document download for full list of companies.

Bank & Client Profiles

Use the drop-down menu to explore detailed data by bank or by fossil fuel company.

These figures add up financing where a given bank plays a financial role in a transaction with a given fossil fuel company, and are adjusted for the proportion of business each company does in fossil fuels.

Amounts are in millions USD

Bank Policies

The Oil and Gas Policy Tracker and Coal Policy Tracker excerpted below rate and compare banks’ fossil fuel financing policies. Learn more at oilgaspolicytracker.org and coalpolicytool.org.

Oil and Gas Policy Tracker



Coal Policy Tool

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