#fossilfuelfinance — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #fossilfuelfinance, aggregated by home.social.
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Banks fossil fuel finance totals $869B in 2024, a dramatic increase in financing
This is a new trend, since overall #fossilfuelfinance had been decreasing since 2021
Banks financed #fossilfuels by $7.9 trillion since the #ParisAccords
Loans were the top form of financing last year, with an increase to $467B from $422B from 2023
Bonds saw the largest increase to $401B from $284B from 2023
Acquisition financing also rose to $82.9B from $63.7B from 2023