EconomicsTuesday, June 9, 2026The Guardian
World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds
A recent report reveals that the world’s largest banks, led by JPMorgan Chase, have pledged an unprecedented $906 billion in financing to fossil fuel companies in 2025, undermining global efforts to mitigate climate change. This massive funding commitment poses significant challenges to achieving pollution reduction targets and controlling rising temperatures. Policymakers and activists must address the incompatibility of such financial practices with climate goals.
