We are completely fucked
this post was submitted on 09 Jun 2026
123 points (100.0% liked)
Climate
8740 readers
235 users here now
Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.
As a starting point, the burning of fossil fuels, and to a lesser extent deforestation and release of methane are responsible for the warming in recent decades:
How much each change to the atmosphere has warmed the world:
Recommended actions to cut greenhouse gas emissions in the near future:
Anti-science, inactivism, and unsupported conspiracy theories are not ok here.
founded 3 years ago
MODERATORS
906B$ Imagine what the world could do with that
Dont bother because whatever your thinking wouldnt make the top banks tons and tons of money in interest
In their words: fuck you peasants
IPO less than one SpaceX?
From the original report:
-Over a third of the world’s largest banks (26 of 65) reduced their fossil financing from the previous year, with some European banks and some Canadian banks driving most of that progress.
-The remaining 39 banks moved in the opposite direction, and some US, Japanese, and Chinese banks were responsible for the largest year-on-year increases.
-On balance, the world’s 65 largest banks committed $906 billion to companies conducting business in fossil fuels in 2025, up $64 billion or 7.6% from 2024.
-Since 2021, global banks have funneled over $4.2 trillion in financing to fossil fuels, including $2.1 trillion to fossil firms in expansion.
Edit
Dealmakers and Dealtakers: Top Bank Financing by Country 2025
The US dominates as a financial center providing bank financing for fossil fuels. This petrostate also jumps off the chart (below) as the nation receiving the most fossil fuel debt from banks. In fact, US fossil fuel corporations received 45.4% of all fossil fuel financing in 2025. Comparing countries’ total bank fossil financing to their fossil fuel company borrowers, the US is an outlier. It is the only Big Six financial center [comprising the U.S., Canada, Japan, EU, China, UK] whose fossil firms receive more bank financing than its banks provide. Japanese banks, on the other hand, provide much more financing than the country’s fossil sector receives. In China, the volume of bank financing to fossil firms is about equal to the amount received by fossil firms. This is at least partly explained by China’s more insular financing model: about 86% of 2025 fossil financing from Chinese banks went to Chinese comp
The US dominates as a financial center providing bank financing for fossil fuels
sigh Of fucking course we are.
Yeah, but the US isn't the only problem. While European banks and some Canadian banks reduced their fossil financing, some US, Japanese, and Chinese banks were responsible for the largest year-on-year increases.
The report includes the 65 largest fossil funding banks. From Canada: 7. RBC, 12. TD, 13. Scotia, 15. CIBC, and 23. BMO. Of these 5 Canadian banks, TD, CIBC and BMO have decreased their FF involvement from 2024 to 2025.