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Value of financing for fossil fuel companies by Credit Suisse 2020, by type

Published by F. Norrestad, Apr 19, 2021
Despite growing pressure on governments and banks to focus energy financing towards greener paths, some the world's biggest banks have continued to increase their financing into companies active in the fossil fuel life cycle. In a 2021 report released by the Rainforest Action Network (ran.org), 60of the world's largest banks put approximately 3.8 trillion U.S. dollars into financing fossil fuel companies between 2016 and 2020.

In 2020, the total value of Credit Suisse financing to companies active across the fossil fuel life cycle decreased from the previous year. The fossil fuel sector that received the most financing from Credit Suisse in 2020 were expansion projects.

Total value of financing for companies active across the fossil fuel life cycle by Credit Suisse worldwide in 2020, by type (in million U.S. dollars)

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Source

Release date

April 2021

Region

Switzerland

Survey time period

2020

Number of respondents

2,300*

Supplementary notes

* Over 2,300 companies active across the fossil fuel life cycle.
** Liquefied natural gas.

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