Banks Drop the Climate Pretense and Follow the Money

Forget betrayal. Forget backsliding. What global banks are doing right now isn’t a reversal of climate commitments—it’s a long-overdue reality check. In 2024, they dumped nearly $900 billion into fossil fuel financing, according to the latest “Banking on Climate Chaos” report. And while advocacy groups are clutching their pearls, investors are quietly nodding. Banks funding fossil fuels haven’t lost their way—they’ve just stopped pretending. JPMorgan Chase, Bank of America, Citigroup, and Barclays…