Fossil Fuel Financing
Conduct Screen Environmental
Financial institutions whose lending, underwriting, and project finance activities provide material capital to fossil fuel companies — enabling exploration, production, pipeline construction, LNG terminal development, and other fossil fuel infrastructure. The test is whether the institution is a significant capital provider to the fossil fuel industry, not incidental banking services. Measured by annual fossil fuel financing volume (Banking on Climate Chaos report) and the institution's rank among global fossil fuel financiers. Distinct from fossil_fuel_ancillary (which covers oilfield services and equipment) and fossil_fuels_upstream/midstream/downstream (which cover the operators themselves).
29 companies currently excluded under this screen
Excluded Companies (29 total)
Showing 29 of 29 companies excluded under this screen.
| Ticker | Company | Reason |
|---|---|---|
| 600000 | Shanghai Pudong Development Bank | Shanghai Pudong Development Bank is a major Chinese commercial bank that provides significant financial services to fossil fuel companies. According to the Banking on Climate Chaos 2024 report, which ... |
| 601166 | Industrial Bank | Industrial Bank is a major Chinese commercial bank that provides financial services to fossil fuel companies, enabling their operations and expansion. According to the Banking on Climate Chaos 2024 re... |
| 601818 | China Everbright Bank | China Everbright Bank provides financial services that facilitate fossil fuel expansion. The bank is identified as a major financier to the sector, appearing on the Banking on Climate Chaos report's l... |
| ACGBF | Agricultural Bank of China | Agricultural Bank of China is a major financier of the global fossil fuel industry. According to the 2024 *Banking on Climate Chaos* report, Agricultural Bank of China was among the world's top banks ... |
| BAC | Bank of America | Bank of America provides critical financial services that enable fossil fuel expansion, including lending, underwriting, and project financing for oil, gas, and coal operations. According to a 2023 re... |
| BACHY | Bank of China | Bank of China is one of China's four largest state-owned banks and a top global financier of fossil fuel expansion. Per Banking on Climate Chaos, Bank of China has provided tens of billions in financi... |
| BCS | Barclays | Barclays is a major financial institution that provides capital and financial services to fossil fuel companies. The Banking on Climate Chaos report documents the scale of this financing activity, tho... |
| BKFCF | Bank of Communications | Bank of Communications is one of China's five largest state-owned banks and a significant financier of fossil fuel projects. Chinese state banks collectively rank among the world's top fossil fuel len... |
| BNPQY | BNP Paribas | BNP Paribas is Europe's largest bank by assets and a top global financier of fossil fuels. Despite public climate commitments, BNP continues to provide billions in lending and underwriting to oil, gas... |
| C | Citi | Citigroup is a leading financier of fossil fuel expansion, providing critical ancillary services to the industry through its lending and underwriting activities. According to ECIC, Citi continues to f... |
| CABK | CAIXABANK SA | CaixaBank (La Caixa Group) provided $1.6B in fossil fuel financing in 2024 ($18.4B cumulative 2021-2024), ranking #47 globally per Banking on Climate Chaos 2025. |
| CBA | COMMONWEALTH BANK OF AUSTRALIA | Banking on Climate Chaos 2025: Commonwealth Bank of Australia provided $37 M in fossil fuel financing in 2024 ($3.6 B total 2021–2024; ranked #60) |
| CHCJY | China CITIC Bank | China CITIC Bank is a major financier of fossil fuel projects globally. According to the Fossil Fuel Finance Report 2021, the bank was a leading financier of coal power after the Paris Agreement, alon... |
| CIA | CITIZENS INC | CITIZENS INC is identified in the Banking on Climate Chaos report under the fossil fuel ancillary category. The report documents the company's financing activities as contributing to climate-harmful o... |
| CIHHF | China Merchants Bank | China Merchants Bank (CMB) is a major financier of the fossil fuel industry. According to the Banking on Climate Chaos 2025 report (Rainforest Action Network et al.), CMB provided $50.0 billion in cum... |
| CMAKY | China Minsheng Bank | China Minsheng Banking Corp. provided $11.6 billion in financing to fossil fuel companies between 2021 and 2024, according to the Banking on Climate Chaos 2025 report published by Rainforest Action Ne... |
| CRZBY | Commerzbank | Commerzbank provides financial services to fossil fuel operators, including lending and underwriting for companies engaged in coal, oil, and gas extraction and infrastructure. According to the 2024 "B... |
| DB | Deutsche Bank | Deutsche Bank is a top-10 global financier of fossil fuels, providing billions in lending and underwriting to oil, gas, and coal companies. Banking on Climate Chaos consistently ranks Deutsche Bank am... |
| DNKEY | Danske Bank | Danske Bank provided $1.1B in fossil fuel financing in 2024 ($4.2B cumulative 2021-2024), ranking #55 globally per Banking on Climate Chaos 2025. |
| GS | Goldman Sachs | Goldman Sachs provides capital and advisory services that enable fossil fuel operations globally. While the bank has adopted some restrictions on thermal coal finance, it continues to provide critical... |
| GSBD | GOLDMAN SACHS BDC INC | Goldman Sachs BDC is a business development company managed by Goldman Sachs, one of the world's largest fossil fuel financiers. Goldman Sachs has provided over $100 billion in fossil fuel financing s... |
| HSBC | HSBC | HSBC is one of the world's largest fossil fuel financiers, ranked in the top 10 globally by Banking on Climate Chaos. The bank continues to provide tens of billions in lending and underwriting to oil,... |
| JPM | JPMorgan Chase | JPMorgan Chase is the largest fossil fuel financier in the world. The Banking on Climate Chaos 2025 report documents $53.5 billion committed to fossil fuel companies in 2024 alone, bringing the bank's... |
| LYG | LLOYDS BANKING GROUP PLC | Lloyds Banking Group was censured by the UK Advertising Standards Authority in December 2024 for running a social media advertisement that promoted its support for low-carbon projects. The ASA banned ... |
| MS | Morgan Stanley | Morgan Stanley is a significant financier of the fossil fuel industry. According to the Banking on Climate Chaos reports (Rainforest Action Network et al.), Morgan Stanley has provided more than $183 ... |
| NAZBY | NATIONAL AUSTRALIA BANK LIMITED | Banking on Climate Chaos 2025: National Australia Bank provided $1.1 B in fossil fuel financing in 2024 ($6.6 B total 2021–2024; ranked #54) |
| PSTVY | Postal Savings Bank of China | Banking on Climate Chaos 2025: Postal Savings Bank of China provided $1.3 B in fossil fuel financing in 2024 ($10.2 B total 2021–2024; ranked #56) |
| SBRCY | Sberbank | Sberbank is Russia's largest bank and a major financier of fossil fuel projects. Per Banking on Climate Chaos, Sberbank provides significant lending to Russian oil and gas companies including Gazprom,... |
| WFC | Wells Fargo | Wells Fargo provides significant financial services to the fossil fuel industry, a core ancillary function that enables fossil fuel extraction and infrastructure development. Between 2017 and 2021, as... |
The Naughty List
A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
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