The world’s largest 65 banks, including JPMorgan Chase, increased their financing to fossil fuel companies by $906bn in 2025, according to a report. This surge in funding is seen as incompatible with international climate agreements aimed at limiting global warming.

Users are sharply divided. Some argue the report is misleading or politically motivated, while others believe the banks are simply responding to market demands and economic growth. GlacialTurtle noted that Bank of America, Japanese banks MUFG and Mizuho Financial, and Citigroup are among the top fossil fuel financiers, with Barclays leading British banks. MicroWave criticized the move as a significant step away from global climate goals, while silence7 highlighted JPMorgan Chase’s leadership in making decisions that fail to restrain rising temperatures.

The community consensus is clear: the $906bn increase in fossil fuel financing by major banks is seen as a major obstacle to achieving climate targets. However, there is a notable divide between those who view the banks as acting in line with market forces and those who see it as a betrayal of global climate commitments.