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"Four US Banks Are The World's Largest Fossil Fuel Financers: Analysis"

"A new analysis from a coalition of environmental groups has found that four U.S. banks are the world’s largest fossil fuel financers.

The analysis, conducted by a group including the organizations BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, and the Sierra Club, estimates that J.P. Morgan Chase provided nearly $65 billion in fossil fuel financing last year, the largest out of any of the 35 banks listed in the report.

It also found that other top banks included Citi, which provided an estimated $52 billion, Bank of America, which provided an estimated $48 billion and Wells Fargo, which provided an estimated $45 billion."

Rachel Frazin reports for The Hill March 18, 2020.

Source: The Hill, 03/18/2020