Total global financing fossil fuel sector by bank 2021 | Statista

JPMorgan Chase financed the global fossil fuel sector to the tune of 382.4 billion U.S. dollars between 2016 and 2021. Other well-known banks such as Wells Fargo, Citi, Bank of America, and RBC followed closely behind with each one managing to lend or underwrite a total sum exceeding 200 billion U.S. dollars to fossil fuel companies since 2016.

Cumulative financing of fossil fuel industry by selected banks worldwide from 2016 to 2021 (in billion U.S. dollars)

Characteristic	Amount in billion U.S. dollars
JPMorgan Chase	382.4
Citi	285.37
Wells Fargo	281.82
Bank of America	232.01
RBC	201.23
MUFG	181.5
Barclays	166.74
Mizuho	155.74
Scotiabank	149.34
BNP Paribas	141.61
TD	140.88
Morgan Stanley	137.29
HSBC	130.47
Goldman Sachs	118.98
Bank of Montreal	117.09
Bank of China	115.91
ICBC	112.76
SMBC Group	109.28
Credit Suisse	91.74
CIBC	90.28
Societe Generale	87.43
Deutsche bank	85.95
Credit Agricole	75.78
Agricultural Bank of China	70.92
China Construction Bank	68.68
Industrial Bank	66.95
China Citic Bank	60.49
ING	54.9
BPCE/Natixis	46.26
Shanghai Pudong Development Bank	45.99
China Merchants Bank	44.3
Santander	42.91
China Everbright Bank	40.68
UBS	40.06
Ping An Group	39.73

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Release date

April 2022

More information

Region

Worldwide

Survey time period

2016 to 2021

Supplementary notes

Bank financing for approximately 2,700 subsidiaries of 1,635 parent companies active across the fossil fuel life cycle were analyzed by the source.

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