the first Time since 2021 – the beginning of the Biden Administration – Banks have formed their funding for fossil fuel projects, a variable wave that reflects Trump’s close -up relationships and active support for large oil. This depends on “banking services on the annual climatic chaos” The report, which analyzes lending patterns of the 65 largest banks in the world, and about 2730 companies with the interests of fossil fuel they provided.
The report, which was published on June 17 and was issued by a group of eight non -profitable organizations, found that banks funded oil fields, pipelines and coal devices to 869 billion dollars in 2024 – an increase of $ 162 billion, or approximately 25 percent, from 2023. Over the past eight years, 65 banks have been funded in the report approximately $ 8.
At the same time, in 2024, the world passed by many 1.5 degrees CELSIUS (2.7 degrees Fahrenheit) The goal of the warming set by the Paris 2015 agreement, which Trump again withdraw The United States from immediately after returning to the office. Experts Describe The increase in many natural disasters for climate change. In the United States alone, 27 natural semesters Disasters In 2024, it exceeded $ 1 billion individuals, with 568 cumulative cases and $ 182.7 billion at costs.
But banks Left Safi zero and climate -friendly pledges in Movements Last year, in addition to fossil fuel support. “This year, banks have shown their true colors,” said Lucy Pinson, one of the authors participating in the report.
With the orders of President Trump loyal to the executive fuel, even more commercial lenders Abandon Climate Conventions in the first half of 2025. Jesse and Aksman described the decline club as “a clear surrender to political pressure.”
The report found that both banks that finance fossil fuels and the companies they funded were based in the United States. Four of the 5 best banks that invest in fossil fuels were headquarters in the United States.
Liquid natural gas is The fastest growth The fossil fuel in the world, and the United States is Elderly source. When calculating emissions for emissions for 20 years for both LNG, LNG, and Coal, the researchers found that liquefied natural gas has a 33 percent The larger fingerprint of coal.
The climate affects the Institute of Energy Economics and Financial Analysis He says There is no need for more LNG projects – and that the “abundance” of projects will likely lead High gas prices For consumers in the long term, in addition to the effects of society that were zero through the “Climate Climate Climate” report.
In Mozambique, for example, four liquefied natural gas active projects forced hundreds of families to move, with Mozambeki NGO receiving more than 1,000 complaints about compensation, resettlement and housing from families who were forced to move. Totalenergies, one of the project owners, Funding A quarrel “to ensure the security of the MOZAMBICUE LNG project”, which has investigations Find They were hurt and killed. Fifteen banks separate from the four projects financing, including a subsidiary of JPMorgan Chase.
2024 a report from The Pollard Center for Environmental and Climate Justice had damaged in parallel with American societies near natural gas projects, as it was found that low -income -low -income communities near these developments were higher than pollution, emissions, asthma and cancer.
“amenities [are] Dr. Robert Pollard, head of the center, said: “The residence in our most vulnerable societies and the situation of our most vulnerable population – while providing the lion’s share of the economic benefits of the population and the richer societies.”
“I dream of a time when we do not have to produce this report anymore, as we will finally protect the current and future generations of catastrophic living conditions,” said Dugo Silva, one of its participating authors and a young man with a non -profit bank.
