Canadian banks increased fossil fuel funding in 2024 despite record heat, report says
June 17, 2025
Canadian banks were once again ranked as among the world’s top fossil fuel financiers in a report that showed overall funding rose in 2024 despite it being the hottest year on record.The Banking on Climate Chaos report by a coalition of environmental groups found that lending and underwriting among the world’s 65 top banks rose by US$162.5-billion last year to US$869-billion, a reversal of a downward trend since 2021.
Unpublished Newswire
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