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Cumulative financing of fossil fuel industry by banks worldwide 2016-2019

Published by F. Norrestad, Nov 16, 2020
JPMorgan Chase financed the global fossil fuel sector to the tune of 268.59 billion U.S. dollars between 2016 and 2019. 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 100 billion U.S. dollars to fossil fuel companies in the period since the Paris Agreement was signed in 2019.

Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2019 (in billion U.S. dollars)

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Source

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Release date

March 2020

Region

Worldwide

Survey time period

2016 to 2019

Supplementary notes

Bank financing for over 2100 companies active across the fossil fuel cycle were analyzed by the source.

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