Top banks have provided $6.9 trillion in financing to the fossil fuel industry since the 2015 Paris Agreement

US, Japanese Banks Lead Fossil Fuel Financing

The world's biggest banks financed fossil fuels to the tune of $705 billion in 2023, with US and Japanese lenders leading the way, an annual report by climate campaigners said Monday.
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A tug boat pushes an oil barge through New York Harbor

Oil Falls As US Holds Off Refilling Strategic Reserve

Oil prices fell Friday, extending the previous day's losses, on worries about potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country's Strategic Petroleum Reserve may take several years.


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