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17 Apr 2020

Report finds continued increase in fossil fuel financing by major banks despite calls for climate action

In March 2020, a group of NGOs led by Rainforest Action Network published the Banking on Climate Change 2020 report. The report finds that 35 private-sector banks have provided USD $2.7 trillion for fossil fuel projects in the four years since the Paris Climate Agreement (2016-2019). The report further notes that such financing continues to increase despite calls for banks to cut their fossil fuel financing.

Full report      Website

The Business & Human Rights Resource Centre invited the biggest financiers of fossil fuel according to the report to respond:

This report is published annually. Please see last year's story for previous responses, media coverage and 2019 report.


Deutsche Bank Antwort anzeigen
Barclays Antwort anzeigen
Mizuho Financial Group Antwort anzeigen
Mitsubishi UFJ Financial Group Antwort anzeigen
BNP Paribas Antwort anzeigen
Bank of America Antwort anzeigen
Credit Suisse Antwort anzeigen
Bank of Montreal Antwort anzeigen
Goldman Sachs

Keine Antwort

JPMorgan Chase Antwort anzeigen
Royal Bank of Canada Antwort anzeigen
Sumitomo Mitsui Banking (part of Sumitomo Mitsui Financial Group)

Keine Antwort

Citigroup Antwort anzeigen
Wells Fargo Antwort anzeigen
Bank of China Antwort anzeigen
Scotiabank Antwort anzeigen