JPMorgan Chase financed the global fossil fuel sector to the tune of 382.4 billion U.S. dollars between 2016 and 2021. Other well-known banks such as Wells Fargo, Citi, Bank of America, and RBC followed closely behind with each one managing to lend or underwrite a total sum exceeding 200 billion U.S. dollars to fossil fuel companies since 2016.
Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars)
Loading statistic...
Basic Account
Get to know the platform
You only have access to basic statistics.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Green banking
Overview
5
- Premium Statistic ESG scores of the world's largest banks 2023, by provider
- Premium Statistic Number of Net-Zero Banking Alliance members worldwide 2023, by region
- Premium Statistic Main sustainability goals included in banks' strategy worldwide 2021
- Premium Statistic Share of banks concerned about sustainability in selected countries 2021
- Premium Statistic Share of banks concerned about sustainability in selected countries 2021, by type
Green financing
5
- Premium Statistic Value of green financing by largest U.S. banks 2020
- Premium Statistic Cumulative value of green financing by largest U.S. banks 2020
- Premium Statistic Percentage of green financing target achieved by largest U.S. banks 2020
- Premium Statistic Value of green financing by Europe's largest banks 2020
- Premium Statistic Green credit balance of largest Chinese banks 2020
Green bonds
3
Fossil fuel financing
6
- Basic Statistic Cumulative financing of fossil fuel industry by banks worldwide 2016-2021
- Basic Statistic Financing of fossil fuel industry by banks worldwide 2016-2021
- Premium Statistic Value of financing for fossil fuel companies by select European banks 2016-2021
- Premium Statistic Financing for LNG companies worldwide 2016-2021, by bank
- Premium Statistic Cumulative financing of coal mining companies worldwide 2016-2021
- Premium Statistic Global financing of fracking companies worldwide 2021
GHG emissions
5
- Premium Statistic Total carbon dioxide emissions of the largest banks worldwide 2022
- Premium Statistic Total carbon dioxide emissions of the largest banks worldwide 2022, by scope
- Premium Statistic Total carbon dioxide emissions of the largest banks United States 2022
- Premium Statistic Total carbon dioxide emissions of the largest banks in the U.S. 2022, by scope
- Premium Statistic Total carbon dioxide emissions of the largest banks Europe 2022
Approaches
5
- Premium Statistic Importance of sustainability in banks' business strategy in selected countries 2021
- Premium Statistic Stage of integration of sustainability into banks' processes worldwide 2021
- Premium Statistic Most important impact areas for banks worldwide 2021
- Premium Statistic Main impact areas for banks in developing and developed countries 2021
- Premium Statistic Stage of alignment with Paris climate agreement of banks worldwide 2021, by component
Further related statistics
18
- Bank financing of fossil fuel expansion worldwide 2019
- Financing of fossil fuel industry by banks worldwide 2016-2021
- Bank financing for expanding fossil fuel companies worldwide 2016-2021
- Bank financing of fossil fuel industry worldwide 2016-2019
- Financing for coal mining companies worldwide 2016-2021, by bank
- Cumulative financing of fossil fuel expansion worldwide 2016-2019
- Financing for fracking companies worldwide 2016-2021, by bank
- Bank financing of tar sands companies worldwide 2021
- Financing for oil sands companies worldwide 2016-2021, by bank
- Cumulative financing of tar sands companies worldwide 2016-2021
- Cumulative financing of Artic oil and gas industry worldwide 2016-2021
- Financing of Artic oil and gas industry by banks worldwide 2021
- Cumulative financing of ultra-deepwater oil and gas industry worldwide 2016-2018
- Financing of ultra-deepwater oil and gas industry by banks worldwide 2018
- Share of lending to the coal pipeline worldwide, by country 2016-2018
- Fossil fuel consumption subsidies as percentage of GDP in select countries 2013
- Italy: perceptions on the biggest global problems 2017
- Perception of the world's fight with climate change in Saudi Arabia 2018
Further Content: You might find this interesting as well
Statistics
- Bank financing of fossil fuel expansion worldwide 2019
- Financing of fossil fuel industry by banks worldwide 2016-2021
- Bank financing for expanding fossil fuel companies worldwide 2016-2021
- Bank financing of fossil fuel industry worldwide 2016-2019
- Financing for coal mining companies worldwide 2016-2021, by bank
- Cumulative financing of fossil fuel expansion worldwide 2016-2019
- Financing for fracking companies worldwide 2016-2021, by bank
- Bank financing of tar sands companies worldwide 2021
- Financing for oil sands companies worldwide 2016-2021, by bank
- Cumulative financing of tar sands companies worldwide 2016-2021
- Cumulative financing of Artic oil and gas industry worldwide 2016-2021
- Financing of Artic oil and gas industry by banks worldwide 2021
- Cumulative financing of ultra-deepwater oil and gas industry worldwide 2016-2018
- Financing of ultra-deepwater oil and gas industry by banks worldwide 2018
- Share of lending to the coal pipeline worldwide, by country 2016-2018
- Fossil fuel consumption subsidies as percentage of GDP in select countries 2013
- Italy: perceptions on the biggest global problems 2017
- Perception of the world's fight with climate change in Saudi Arabia 2018
Rainforest Action Network. (April 5, 2022). Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 10, 2024, from https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/
Rainforest Action Network. "Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars)." Chart. April 5, 2022. Statista. Accessed May 10, 2024. https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/
Rainforest Action Network. (2022). Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 10, 2024. https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/
Rainforest Action Network. "Cumulative Financing of Fossil Fuel Industry by Selected Banks Worldwide from 2016 to 2021 (in Billion U.S. Dollars)." Statista, Statista Inc., 5 Apr 2022, https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/
Rainforest Action Network, Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/ (last visited May 10, 2024)
Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars) [Graph], Rainforest Action Network, April 5, 2022. [Online]. Available: https://www.statista.com/statistics/1089808/total-global-financing-fossil-fuel-sector-bank/