World’s largest banks pledged $906bn to fossil fuel companies in ‘unfathomable’ increase in 2025, report finds

AI justification

Massive fossil fuel financing by banks directly increases emissions and undermines climate action. | The $906bn fossil fuel financing by major banks represents a severe ethical failure, directly contradicting SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). This action locks in decades of carbon-intensive infrastructure, violating planetary boundaries and undermining global climate commitments. The magnitude is catastrophic, with irreversible long-term consequences for biodiversi