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

The world’s largest 65 banks, led by JPMorgan Chase, committed $906bn in financing to fossil fuel companies in 2025, an 8% increase from 2024. This investment, described as 'unfathomable,' locks in years of coal, oil, and gas production, conflicting with international agreements to limit global temperature rises.