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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.


Deutsche Bank 浏览回应
Barclays 浏览回应
Mizuho Financial Group 浏览回应
Mitsubishi UFJ Financial Group 浏览回应
BNP Paribas 浏览回应
Bank of America 浏览回应
Credit Suisse 浏览回应
Bank of Montreal 浏览回应
Goldman Sachs


JPMorgan Chase 浏览回应
Morgan Stanley 浏览回应
Royal Bank of Canada 浏览回应
Sumitomo Mitsui Banking (part of Sumitomo Mitsui Financial Group)


Citigroup 浏览回应
Wells Fargo 浏览回应
Bank of China 浏览回应
Scotiabank 浏览回应

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