This report, Banking on Climate Chaos 2023, analyzes fossil fuel financing and policies from the world’s 60 largest commercial and investment banks. We reveal that fossil fuel financing from the world’s 60 largest banks has reached nearly USD $5.5 trillion in the seven years since the adoption of the Paris Agreement, with $673 billion in 2022 alone.
war profits
First Anniversary of Ukraine war is a grim reminder to “stop dependence on unstable and war-driven fossil fuels”
It is a gruesome milestone. A year after Russia’s brutal and bloody invasion of Ukraine, the ripples of war have spread across the globe. Tens of thousands of civilians have been killed, along with over a hundred thousand Ukrainian and Russian soldiers.
OCI Statement on the Fossil Fuel Dimensions of Russia’s Invasion of Ukraine
Russia’s invasion of Ukraine one year ago is a wake-up call to stop dependence on unstable and war-driven fossil fuels, and instead transition to reliable renewable energy. Oil companies are both fueling and profiting from this crisis, while the rest of the world has suffered dire consequences.
Calls grow for a U.S windfall tax after Exxon makes USD $2,245.62 every second
The amounts are obscene. They are mindboggling. This is profit-making like you have never seen it before. It is also profiteering from war or price goughing at our expense. Big Oil is making billions off the misery of millions.
Big Oil Bonanza: U.S. and European companies responsible for nearly USD100 billion to Putin & profiteering billions more from war
No words will ever be able to describe the full horror of war. The bombs, the bullets, the trauma. The wanton destruction of life. Hopes and dreams evaporated.
European and U.S. Energy Companies are Responsible for Nearly USD 100 Billion to Putin’s War Chest Since Crimea Invasion
New analysis finds that revenues from oil and gas projects backed by European and U.S. companies have fueled Vladimir Putin’s regime to the tune of nearly USD 100 billion since 2014.