Despite growing pressure on governments and banks to focus energy financing towards greener paths, some the world's biggest banks have continued to increase their financing into companies active in the fossil fuel life cycle. In a 2023 report released by the Rainforest Action Network (ran.org), 60 of the world's largest banks put approximately 5.46 trillion U.S. dollars into financing fossil fuel companies between 2016 and 2022.
In 2022, the fossil fuel sector that received the most financing from Commerzbank were expansion projects.
Total value of financing for companies active across the fossil fuel life cycle by Commerzbank worldwide in 2022, by type
(in million U.S. dollars)
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Rainforest Action Network. (May 5, 2023). Total value of financing for companies active across the fossil fuel life cycle by Commerzbank worldwide in 2022, by type (in million U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115937/value-of-financing-for-fossil-fuel-companies-by-commerzbank-by-type/
Rainforest Action Network. "Total value of financing for companies active across the fossil fuel life cycle by Commerzbank worldwide in 2022, by type (in million U.S. dollars)." Chart. May 5, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115937/value-of-financing-for-fossil-fuel-companies-by-commerzbank-by-type/
Rainforest Action Network. (2023). Total value of financing for companies active across the fossil fuel life cycle by Commerzbank worldwide in 2022, by type (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115937/value-of-financing-for-fossil-fuel-companies-by-commerzbank-by-type/
Rainforest Action Network. "Total Value of Financing for Companies Active across The Fossil Fuel Life Cycle by Commerzbank Worldwide in 2022, by Type (in Million U.S. Dollars)." Statista, Statista Inc., 5 May 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115937/value-of-financing-for-fossil-fuel-companies-by-commerzbank-by-type/
Rainforest Action Network, Total value of financing for companies active across the fossil fuel life cycle by Commerzbank worldwide in 2022, by type (in million U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115937/value-of-financing-for-fossil-fuel-companies-by-commerzbank-by-type/ (last visited November 10, 2024)
Total value of financing for companies active across the fossil fuel life cycle by Commerzbank worldwide in 2022, by type (in million U.S. dollars) [Graph], Rainforest Action Network, May 5, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115937/value-of-financing-for-fossil-fuel-companies-by-commerzbank-by-type/
