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Which banks fund upstream oil and gas?

7 Oct 2024

Global oil and gas consumption increased by 14% from 2013 to 2023, posing a challenge to limiting global warming. JP Morgan Chase led in financing upstream oil and gas activities, providing over USD 67 billion to various companies. Concerns were raised about banks' commitment to reaching net zero emissions and prioritizing policies allowing the purchase of carbon offsets, which may promote greenwashing. Some oil and gas companies have weakened their commitments to reduce investment in upstream p
economics finance fossil fuels economics/finance

Authors

Cutler Cleveland

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United States of America
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© Cutler Cleveland

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