Banks are financing the fossil fuel industry’s next growth strategy ^30%

Grist - By Joseph Winters - 7/1/2026, 8:30 AM

Appeal to Authority 25.1% - Confirmation Bias 21.9% - Negativity Bias 18.9%

For the past two years, more than a dozen major banks have been not only reneging on their climate commitments, they’ve been actively making the crisis worse. In 2024 and 2025, during the leadup to President Donald Trump’s second inauguration, all six of the nation’s largest banks abandoned the Net-Zero Banking Alliance, a voluntary... more