The latest Banking On Climate Chaos report is out and it tells a devastating, and familiar, story: Fossil banks are killing the planet.
Fossil fuel financing from the world's 60 largest banks has reached nearly $5.5 trillion since the Paris Agreement was signed. Last year alone, fossil banks invested $673 billion in extraction, pollution, and climate chaos.
When it comes to climate action, it's not about talk, it's about cash. Check out the report at BankingOnClimateChaos.org and sign here to demand the big fossil banks stop investing in the killing the planet.
This year's report shows exactly how much money each big bank is investing in climate chaos, and where it all goes. It also highlights frontline stories of people leading the fight to stop fossil fuel projects around the world – from the Gulf South, to Asia, to Africa, and everywhere.
2022 was a year of record-breaking profits for the fossil fuel industry. For years, these companies have said they need capital to make the transition to renewable energy. And yet they made $4 trillion last year, and fossil banks still loaned them another $673 billion in fossil fuel financing.
Even after clear messages from the scientists at the International Energy Agency and in this year's united Nation's #ClimateReport that we can’t afford any new fossil fuels, banks continue to finance fossil fuel expansion to the tune of $150 billion in 2022 alone.
Check out the full report and data at bankingonclimatechaos.org and sign here to tell these banks and investors: Quit banking on climate chaos!
Drew and the 198 methods of direct action, and divestment is one, crew