The world's 65 largest banks collectively committed $906 billion to fossil fuel companies in 2025, an increase of nearly 8 percent from the previous year, according to the seventeenth edition of the Banking on Climate Chaos report released in June 2026. The report , produced by a coalition of environmental and advocacy organisations including Rainforest Action Network , tracks lending and underwriting by major financial institutions to companies across the oil, gas, and coal sectors. Since the Paris Agreement went into force in 2016, the report finds that these banks have together channelled $8.7 trillion into fossil fuels — an amount the authors argue, had it been directed toward renewables, would have made the global energy system significantly more affordable, resilient, and climate-proof.
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