World's largest banks pledged $906bn to fossil fuel companies in 'unfathomable' increase in 2025, report finds

[malaise]

https://www.theguardian.com/environment/2026/jun/09/world-banks-pledge-billions-fossil-fuel-industry-2025

The world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an “unfathomable” increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found.

The surge in new fossil fuel lending, up $64bn or nearly 8% on 2024, shows that the world’s largest 65 banks are making decisions incompatible with international agreements to restrain rising global temperatures, according to the coalition of environmental groups behind the new analysis.

JPMorgan Chase is again the world’s leading financier of fossil fuels, according to the annual Banking on Climate Chaos report, after pushing $58bn to the sector last year – up 13% from 2024.

Bank of America committed the second largest amount to fossil fuels last year, followed by Japanese banks MUFG and Mizuho Financial. Citigroup, another US bank, rounds out the top five, with Barclays, at number eight, the highest placed British bank.

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This should frighten humanity. These monsters have to be destroyed before they destroy us.

[Botany]

1. Why? This madness.

[Passages]

2. Greed and criminality go hand in hand, no humanity at all.

Perhaps greed should be ranked in the DSM-5-TR as a mental illness. No matter how much money you have, the air your kids and grandkids will breathe won't be under their control.