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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.

Respuestas de empresas

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

No respuesta

JPMorgan Chase Ver respuesta
Morgan Stanley Ver respuesta
Royal Bank of Canada Ver respuesta
Sumitomo Mitsui Banking (part of Sumitomo Group)

No respuesta

Citigroup Ver respuesta
Wells Fargo Ver respuesta
Bank of China Ver respuesta
Scotiabank Ver respuesta

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