JPMorgan Chase financed the global fossil fuel sector to the tune of 61.7 billion U.S. dollars in 2021 alone. The American banking giant's fossil fuel financing reached 382.4 billion U.S. dollars since the Paris Agreement was signed in 2016. Other well-known banks such as Wells Fargo, Citi, Bank of America, and RBC followed closely behind with each one managing to lend or underwrite a total sum exceeding 200 billion U.S. dollars to fossil fuel companies between 2016 and 2021.
Financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars)
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Rainforest Action Network. (April 5, 2022). Financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 16, 2024, from https://www.statista.com/statistics/1089798/global-financing-fossil-fuel-sector-bank/
Rainforest Action Network. "Financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars)." Chart. April 5, 2022. Statista. Accessed May 16, 2024. https://www.statista.com/statistics/1089798/global-financing-fossil-fuel-sector-bank/
Rainforest Action Network. (2022). Financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 16, 2024. https://www.statista.com/statistics/1089798/global-financing-fossil-fuel-sector-bank/
Rainforest Action Network. "Financing of Fossil Fuel Industry by Selected Banks Worldwide from 2016 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Apr 2022, https://www.statista.com/statistics/1089798/global-financing-fossil-fuel-sector-bank/
Rainforest Action Network, Financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1089798/global-financing-fossil-fuel-sector-bank/ (last visited May 16, 2024)
Financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars) [Graph], Rainforest Action Network, April 5, 2022. [Online]. Available: https://www.statista.com/statistics/1089798/global-financing-fossil-fuel-sector-bank/