Globally, banks are upping financing for fossil fuels, but that support is consolidating. This year's Banking on Climate Chaos report shows financing was $906B in 2025, while 26 banks reduced their support.
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This year’s Banking on Climate Chaos report shows a “new oligopoly” of a dozen banks responsible for nearly 40% of new fossil fuel financing. JPMorganChase is the “kingpin”, and the Royal Bank of Cana...
