JPMorgan Chase and Bank of America are the world’s top two fossil fuel funders. NEW YORK, NY — The 17th edition of the Banking on Climate Chaos (BOCC) report released today finds that the world’s 65 largest banks committed $906 billion to fossil fuel companies in 2025, an increase of 8% from the previous year. … [continued]
A while back, considering a rather tiny personal investment in a typical financial product, I asked a bank if they knew if it was invested in fossil fuels. They didn’t seem to know. Not knowing what typical financial products, such as CDs or retirement accounts, are invested in might be … [continued]
Federal Reserve, OCC, FDIC withdraw principles published in 2023 WASHINGTON, D.C. — On Thursday, October 16, the Federal Reserve, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC) announced the withdrawal of the interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The principles, finalized … [continued]
It’s wonderful to know that your bank is entirely powered by renewable energy. Fifth Third’s ambitious objective of using 100% renewable energy to power its activities across its nationwide footprint became a reality … five years ago! Starting in late August 2019, the bank achieved that goal, making the end … [continued]
I was incredibly pleased and excited to read this headline in my newsfeed this morning from the Australian Broadcasting Commission (ABC): “Commonwealth Bank stops lending to fossil fuel companies without genuine emissions plan.” It’s about time. Add that to the withdrawal of support from some of Australia’s very well-funded superannuation … [continued]
There’s a ton of incremental progress in the electric vehicle and EV charging arena. One more EV charger here, two more there, another over there, three in the corner there. It all adds up. But then there are big announcements, and it’s hard to not get excited about those. One … [continued]
The US Federal Reserve just released the results of a pilot climate scenario analysis (CSA) exercise they conducted in 2023 to learn about big banks and their climate risk-management practices and challenges. The goal was to highlight the measures that large banking organizations and supervisors will increasingly need to take … [continued]
We Don’t Have Time has created an app that lets you see which banks are investing in fossil fuel expansion or green energy.
Traditional regional banks tend to be skeptical about clean energy projects, which are framed as risky investments that may not yield solid returns. As a result, many banks have little experience with loans for clean energy or efficiency measures. Larger banks with more resources also resist homeowner and small business … [continued]
The financing of fossil fuel companies continues at the highest levels despite promises made by the world’s largest banks to limit lending.
