The global financial industry has increased its investments in fossil fuels such as oil, gas, and coal. According to a report by environmental organizations including the Rainforest Action Network and Urgewald, the 65 largest banks worldwide expanded their business with fossil fuel companies by eight percent in the previous year, reaching $906 billion. This follows a decline between 2021 and 2023 when climate issues were more prominent in public debate. The report highlights that banks have provided funding to over 2,500 companies in the coal, oil, and gas industries through loans and issuing
Bias read (Left): The article uses critical language toward the financial industry’s continued investment in fossil fuels, highlighting the contradiction with sustainability goals. It emphasizes the increase in funding despite growing awareness of climate change, which frames the issue as environmentally harmful and,
