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 2024 report released by the Rainforest Action Network (ran.org), 60 of the world's largest banks put approximately 6.9 trillion U.S. dollars into financing fossil fuel companies between 2016 and 2023.
Total value of financing for companies active across the fossil fuel life cycle by UBS worldwide in 2023, by type
(in billion U.S. dollars)
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Rainforest Action Network. (July 11, 2024). Total value of financing for companies active across the fossil fuel life cycle by UBS worldwide in 2023, by type (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115948/value-of-financing-for-fossil-fuel-companies-by-credit-suisse-by-type/
Rainforest Action Network. "Total value of financing for companies active across the fossil fuel life cycle by UBS worldwide in 2023, by type (in billion U.S. dollars)." Chart. July 11, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115948/value-of-financing-for-fossil-fuel-companies-by-credit-suisse-by-type/
Rainforest Action Network. (2024). Total value of financing for companies active across the fossil fuel life cycle by UBS worldwide in 2023, by type (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115948/value-of-financing-for-fossil-fuel-companies-by-credit-suisse-by-type/
Rainforest Action Network. "Total Value of Financing for Companies Active across The Fossil Fuel Life Cycle by Ubs Worldwide in 2023, by Type (in Billion U.S. Dollars)." Statista, Statista Inc., 11 Jul 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115948/value-of-financing-for-fossil-fuel-companies-by-credit-suisse-by-type/
Rainforest Action Network, Total value of financing for companies active across the fossil fuel life cycle by UBS worldwide in 2023, by type (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115948/value-of-financing-for-fossil-fuel-companies-by-credit-suisse-by-type/ (last visited November 10, 2024)
Total value of financing for companies active across the fossil fuel life cycle by UBS worldwide in 2023, by type (in billion U.S. dollars) [Graph], Rainforest Action Network, July 11, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1115948/value-of-financing-for-fossil-fuel-companies-by-credit-suisse-by-type/
