EMEA > Europe > Finance floods back to hydrocarbons as banks break away from climate targets -report

Finance floods back to hydrocarbons as banks break away from climate targets -report

Published 17:07 on June 17, 2025 / Last updated at 17:13 on June 17, 2025 / / Americas (US & Canada), Asia Pacific, EMEA (Europe), Net Zero Transition (Industrial Decarbonisation, Power/Electrification, Transport & Heating Fuels)

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The world's biggest banks last year dramatically increased their financing of fossil fuel companies in a trend that reversed consecutive years of falling support, as they chased short-term profits and called into question the sincerity of their climate rhetoric, according to a report released Tuesday.
The world's biggest banks last year dramatically increased their financing of fossil fuel companies in a trend that reversed consecutive years of falling support, as they chased short-term profits and called into question the sincerity of their climate rhetoric, according to a report released Tuesday.


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