On May 13, a consortium of NGOs, including the Rainforest Action Network and BankTrack, released the “Bank Giants and Climate Chaos 2024” report in collaboration with over 580 global institutions. The report reveals that in 2023, the world’s 60 largest banks provided up to $705.8 billion in financing to the fossil fuel industry, which is contributing to the climate crisis. Over 25% of this financing came from the top five banks in the U.S. and Japan. The report emphasizes the role of banks in financing the fossil fuel industry since the implementation of the Paris Agreement in 2016. By the … Continue reading Top Banks Pump $705.8 Billion into Fossil Fuels Amid Climate Crisis: JPMorgan, Mizuho Bank Tops List