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Banks provide more than twice as much finance for fossil fuels as energy transition

NGOs are urging banks to reduce their financing for fossil fuels, with an immediate end to their expansion, while significantly increasing finance for energy transition.
Big banks provided more than twice as much finance for fossil fuels as for sustainable alternatives between 2021-2024, according to a new report published today by Reclaim Finance and partners (1), comparing for the first time finance for fossil fuels with finance for sustainable power. The analysis shows that the biggest 65 banks are not on track when it comes to financing the energy transition.…
2025-09-23 | BankTrack, urgewald, Beyond Fossil Fuels, Rainforest Action Network, Reclaim Finance, ShareAction, Stand.earth, WWF
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks provide more than twice as much finance for fossil fuels as energy transition

NGOs are urging banks to reduce their financing for fossil fuels, with an immediate end to their expansion, while significantly increasing finance for energy transition.
2025-09-23 | BankTrack, urgewald, Beyond Fossil Fuels, Rainforest Action Network, Reclaim Finance, ShareAction, Stand.earth, WWF
Blog
BankTrack news BankTrack blog Partner news Partner blog

UK Government’s corporate watchdog accepts complaint against Standard Chartered Bank for coal financing

2025-09-19 | London | BankTrack, Inclusive Development International, Philippines Movement for Climate Justice, Recourse
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack launches Users’ Guide to bank human rights complaint channels

New online tool aims to support people and groups raising human rights complaints with commercial banks
2025-09-18 | Nijmegen, Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

FutureCoal distorts the facts to prolong the life of an industry with no social licence to operate

2025-09-16 | Just Share
Blog
BankTrack news BankTrack blog Partner news Partner blog

Exposing the financial fault lines in the (un)just energy transition: New report exposes billions in high-risk mining finance

2025-09-03 | San Francisco | BankTrack, Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Greenwashed Gold Rush: The hidden cost of the electric vehicle boom

How Big Banks are fueling a new wave of environmental and human rights abuses
Partner blog
2025-09-03 | Rainforest Action Network, Timothy Workman
Blog
BankTrack news BankTrack blog Partner news Partner blog

Joint letter calling on EU policymakers to preserve the review clause in the CSDDD

2025-09-01 | Brussels, Belgium | ShareAction
Blog
BankTrack news BankTrack blog Partner news Partner blog

Announcing a change of leadership at BankTrack

2025-09-01 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Dangerous deflection: European banks financing South-East Asia’s gas expansion

2025-09-01 | Reclaim Finance
All news
Upcoming events
Jul22

Train the Trainers // Banking on Climate Chaos (BOCC)

Training for campaigners interested in providing their own bank campaigning training based on the results of this year's Banking on Climate Chaos report
Tue Jul 22 2025 9:00 AM - 6:00 PM (UTC+2) Online Training
Sep26

Grassroots Campaigns in defense of Land, Forests & Food Sovereignty: A New York Climate Week Forum

A New York Climate Week full-day forum of workshops, teach-ins, panels, and more about the economic, social, and environmental impacts of financial corporations and agribusiness on forests, food systems, land rights, and…
Fri Sep 26 2025 10:00 AM - 6:30 PM (UTC-7) The People's Forum , New York NY, United States
Oct7

OECD Forum on Green Finance and Investment 2025

The Forum on Green Finance and Investment is the OECD's annual flagship event on green and sustainable finance.
Tue Oct 07 2025 12:00 AM (UTC+1) Wed Oct 08 2025 6:00 PM (UTC+1) Online
All events
Spotlight
New Users' Guide to Bank Human Rights Complaints Channels
Fighting harmful finance? Here’s how to use bank human rights complaint channels
Read Banking on Climate Chaos 2025
Banks fossil fuel finance totals $869 billion in 2024, a dramatic increase in financing
Join the movement to #stopEACOP
Over 260 organizations are urgently trying to convince banks around the world to rule out supporting this disastrous project.
Target Dodgy Deals

East African Crude Oil Pipeline (EACOP)

Uganda | project

Perusahaan Listrik Negara (PLN)

Indonesia | company

Glencore

Switzerland | company

Trafigura

Singapore | company

Adani Group

India | company

Mozambique LNG

Mozambique | project

JSW Utkal Steel plant and captive coal power station

India | project

ArcelorMittal

Luxembourg | company
All Dodgy Deals
Focus banks

ANZ

Australia

BankTrack and partners submitted a complaint to ANZ's in-house grievance mechanism, alleging that the bank did not conduct adequate human rights checks when deciding to finance Perusahaan Listrik Negara (PLN). PLN plans to expand coal power until 2034, despite the severe public health impacts linked to its coal power plants.

Raiffeisen Bank International

Austria

The Austrian Finance Minister has no plan to take action on alleged sanctions breaches by RBI's Russian subsidiary. BankTrack will be requesting that the Austrian National Bank take action.

Standard Chartered

United Kingdom

On 19th September, the UK Government’s National Contact Point accepted a complaint against Standard Chartered Bank for its financing of coal power plants in the Philippines.

Deutsche Bank

Germany

Deutsche Bank was the first bank to receive, this week, a petition signed by more than 50,000 individuals, asking major commercial banks not to underwrite any more bonds offered by Indonesian coal developer PLN.

All banks
Campaigns and projects

Banks and Climate

Banks and Human Rights

Banks and Nature

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Latest publications
Mining and Money
2025-09-03 00:00:00 | Forests & Finance Coalition including: Rainforest Action Network, TuK Indonesia, Profundo, Amazon Watch, Milieudefensie, CED Cameroon, Repórter Brasil, BankTrack, Sahabat Alam Malaysia, Friends of the Earth US and Observatório da Mineração
Banking on climate chaos 2025
2025-06-17 00:00:00 | BankTrack, urgewald, Center for Energy, Ecology and Development (CEED), Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
BankTrack Annual Report 2024
2025-04-15 00:00:00 | BankTrack
The BankTrack Global Human Rights Benchmark 2024
2024-11-27 00:00:00 | BankTrack
All publications
BankTrack in the Media
Why Amalgamated’s Ivan Frishberg is still carrying the flame for net zero
2025-09-08 00:00:00
|
Reuters
Indonesian groups accuse ANZ and Japanese banks over coal financing
2025-08-01 00:00:00
|
The Banker
El Banco Santander da marcha atrás en sus compromisos climáticos
2025-07-30 00:00:00
|
El Salto
UK Watchdog Accepts Complaints against Barclays, HSBC over Private Prison Investments
2025-07-28 00:00:00
|
Davis Vanguard
All BT in the media
External News
Barclays latest British lender to quit climate banking alliance
2025-08-01 00:00:00
|
Reuters
UniCredit presence in Russia poses sanctions risk, Italy FinMin says
2025-07-30 00:00:00
|
Reuters
New report: Forests to Frontlines - Oil Expansion Threats in the DRC
2025-07-29 00:00:00
|
EarthInsight
Embattled Macquarie feels climate heat from shareholders
2025-07-25 00:00:00
|
Australian Financial Review
All external news
Website updates
On 2025-09-19 10:35:24 we created the Banrisul bank page.
On 2025-09-18 09:55:34 we updated the Bank Human Rights Complaints Channels: A Users' Guide campaign page.
On 2025-09-15 15:27:36 we updated the Jyske Bank bank page.
On 2025-09-12 12:52:03 we updated the CIFI bank page.
On 2025-09-12 12:39:25 we updated the Swedish Export Credit Corporation (SEK) bank page.

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Raiffeisen Out! Bank.Green End Coal Finance Plastic Banks Tracker Defund TotalEnergies Financial Exclusions Tracker Equator-Complaints.Org Don't Buy into Occupation Banks & Biodiversity Forests & Finance Drop JBS StopEACOP Fossil-Free Finance
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About BankTrack Organisation Our team Our board Our annual reports Funding and finances Guiding principles Our history BankTrack in the media Team up with us Our privacy policy Donate Get in touch
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