Despite growing pressure on governments and banks to focus energy financing towards greener paths, some of the world's biggest banks have continued to increase their financing into companies active in the fossil fuel life cycle. In a 2022 report released by the Rainforest Action Network (ran.org), 60 of the world's largest banks put approximately 4.58 trillion U.S. dollars into financing fossil fuel companies between 2016 and 2021.
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Rainforest Action Network. (April 5, 2022). Total value of financing for companies active across the fossil fuel life cycle by HSBC Holdings worldwide in 2021, by type (in million U.S. dollars) [Graph]. In Statista. Retrieved May 28, 2022, from https://www.statista.com/statistics/1115865/value-of-financing-for-fossil-fuel-companies-by-hsbc-by-type/
Rainforest Action Network. "Total value of financing for companies active across the fossil fuel life cycle by HSBC Holdings worldwide in 2021, by type (in million U.S. dollars)." Chart. April 5, 2022. Statista. Accessed May 28, 2022. https://www.statista.com/statistics/1115865/value-of-financing-for-fossil-fuel-companies-by-hsbc-by-type/
Rainforest Action Network. (2022). Total value of financing for companies active across the fossil fuel life cycle by HSBC Holdings worldwide in 2021, by type (in million U.S. dollars). Statista. Statista Inc.. Accessed: May 28, 2022. https://www.statista.com/statistics/1115865/value-of-financing-for-fossil-fuel-companies-by-hsbc-by-type/
Rainforest Action Network. "Total Value of Financing for Companies Active across The Fossil Fuel Life Cycle by Hsbc Holdings Worldwide in 2021, by Type (in Million U.S. Dollars)." Statista, Statista Inc., 5 Apr 2022, https://www.statista.com/statistics/1115865/value-of-financing-for-fossil-fuel-companies-by-hsbc-by-type/
Rainforest Action Network, Total value of financing for companies active across the fossil fuel life cycle by HSBC Holdings worldwide in 2021, by type (in million U.S. dollars) Statista, https://www.statista.com/statistics/1115865/value-of-financing-for-fossil-fuel-companies-by-hsbc-by-type/ (last visited May 28, 2022)
