New Report Reveals Global Banks Funneled $3.8 Trillion into Fossil Fuels Since Paris Agreement

March 24, 2021By OCI TeamFeatured, Press Releases

A new report released today by Oil Change International, Rainforest Action Network, BankTrack, Indigenous Environmental Network, Reclaim Finance, and Sierra Club, and endorsed by over 300 organizations around the world, reveals that 60 global banks have provided USD $3.8 trillion to fossil fuel companies in the five years since the adoption of the Paris Agreement (2016-2020).

Fracking Fiasco: New report names Wells Fargo and JPMorgan Chase as main players funding U.S. shale bust

September 24, 2020By OCI TeamFeatured, Press Releases, Stopping Carbon Lock-In

A new report by Oil Change International and Rainforest Action Network (RAN) shows how major banks have continued pouring money into fracking companies in recent years despite numerous warnings that the sector was financially unsustainable — on top of the well-documented environmental, health and climate impacts of the industry.