Verified source report
World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds
JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say The world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an “unfathomable” increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found. The surge in new fossil fuel lending, up $64bn or nearly 8% on 2024, shows that the world’s largest 65 banks are making decisions incompatible with international agreements to restrain rising global temperatures, according to the coalition of environmental groups behind the new analysis . Continue reading...
What happened
According to The Guardian’s source item, World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds, JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say The world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an “unfathomable” increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found. The surge in new fossil fuel lending, up $64bn or nearly 8% on 2024, shows that the world’s largest 65 banks are making decisions incompatible with international agreements to restrain rising global temperatures, according to the coalition of environmental groups behind the new analysis . Continue reading…
Context
The development sits in VINI’s Global file for readers following international affairs, institutions, conflict, diplomacy, economics, and cross-border consequences. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-06-09T08:00:48+00:00.
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Source
Primary source: World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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Source links
- World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report findsThe Guardian - 2026-06-09T08:00:48+00:00
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