A new internationally-compiled report has revealed that in every one of the five years since the Paris Agreement was signed in 2015, the world's largest banks have invested more money in fossil fuels, "locking us into further climate chaos" in the words of one of the report's contributors.
The document, titled Banking on Climate Chaos 2021, was based on Bloomberg data, and produced by six NGOs with the endorsement of more than 300 climate organizations from 50 countries.
Since 2016, it shows, 60 of the largest commercial and investment banks in the world have invested a total of $3.8 trillion in fossil fuels, with United States-based JPMorgan alone putting in more than the GDP of Finland.
