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March 24, 2021
Fossil Fuel Financing of Banks Worldwide, 2016-2020 (billions)
Methodology
Data is from the March 2021 Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, and Sierra Club "Banking on Climate Chaos 2021: Fossil Fuel Finance Report." This report aggregates bank lending and underwriting of debt and equity issuances according to Bloomberg's league credit methodology (which divides credit among banks leading a transaction) to companies with any reported fossil fuel activity according to Bloomberg Finance LP and the Global Coal Exit List. The league credit assigned to a bank for a given transaction is adjusted by an approximation of the fossil fuel intensity of the particular borrower or issuer. For the companies included in this analysis, each bank's leading involvement in corporate lending and underwriting transactions was assessed — including project finance where data were available — during January 1, 2016-December 31, 2020, inclusive.Chart Title
Fossil Fuel Financing of Banks Worldwide, 2016-2020 (billions)Publication Date
March 24, 2021