Banks bet big on fossil fuels, boosting financing in 2024, report finds
Written by admin on June 30, 2025
Financing for the fossil fuel sector from the world’s largest banks surged in 2024 to $869 billion, according to a recent report by the Rainforest Action Network (RAN) and other environmental groups. That figure represents an increase of nearly 23% compared to 2023. The $162.5 billion increase channeled to companies doing business in fossil fuels [……
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