Joint Press Release: 'Fossil Fuel Finance Report 2026' Published
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AI Summary (NQ-processed)
Environmental NGOs including Rainforest Action Network (RAN) published the annual 'Fossil Fuel Finance Report 2026', analyzing lending and underwriting to fossil fuel companies by the world's top 65 banks. In 2025, financing reached $906 billion, an 8% increase from 2024. Japan's three megabanks ranked in the worst 12.
AI Analysis
Frequently Asked Questions
- Q: What is the official name of this report?
- A: 'Fossil Fuel Finance Report 2026: Banking on Climate Chaos'.
- Q: What was the total fossil fuel financing in 2025?
- A: $906 billion, an 8% increase from 2024.
- Q: Which Japanese megabank had the highest ranking?
- A: Mitsubishi UFJ Financial Group (MUFG) ranked 3rd.