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World’s biggest banks poured $673 billion into fossil fuels last year

14 Apr 2023


While the window for avoiding the most catastrophic consequences of climate change narrows, the global banking sector continues to funnel huge sums each year into fossil fuels, finds a new report. Last year alone, the 60 largest banks financed fossil fuels to the tune of $673 billion.

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Trump officials, billionaires and the quiet reshaping of America’s public lands

Today 11:30am

A controversial land swap orchestrated by the megarich could be “a harbinger of what’s to come” for public lands under Trump.

Colombia’s climate crossroads: Trumpism casts shadow over presidential battle

Today 11:30am

Colombia is a global leader in climate activism. Could US influence drag country to a future of mining and fracking?

Wealthy countries' climate finance hit record high in 2024, OECD says

Today 11:30am

Developed countries provided a record $136.7 billion to help poorer countries cope with climate change in 2024, the OECD said on ‌Thursday.

Climate standard setter SBTi pivots to advisory role as it targets growth

Today 11:30am

The leading standard setter for corporate climate targets is adding an advisory role to its roster of services, in an effort to diversify its core function of validating companies’ sustainability goals.

Global carbon pricing revenue hits record $107 billion as coverage nears one-third of emissions

Today 11:30am

Governments raised a record $107 billion in 2025 by charging companies for carbon dioxide emissions, according to the World Bank’s 2026 State and Trends of Carbon Pricing report.

Indian city records 48.2C temperature as sizzling heatwave empties roads

Today 11:30am

The India Meteorological Department forecast maximum temperatures Thursday of around 45 degrees Celsius in the capital, Delhi, where authorities have opened temporary “cooling zones” to help people cope.

Once a climate leader, Canada is now doubling down on oil

Mon 25 May 2026

Mark Carney is counting on Alberta’s oil sands to help him survive Trump’s trade agenda.

Sorry, climate change is still dangerous, no matter what nonsense Trump emits

Mon 25 May 2026

As the climate-change landscape evolves, new forms of scientific disinformation emerge.

Carbon markets and the collapse of institutional memory

Mon 25 May 2026

Much of the current “novel climate innovation” discourse increasingly feels like the same structural dynamics returning in new packaging and this is where the institutional-memory problem becomes genuinely dangerous.

Could nature itself hold the solution to climate change?

Mon 25 May 2026

Technological interventions face huge financial or practical challenges, but there is another way.

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