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).
53 companies currently excluded under this screen
Excluded Companies (53 total)
Showing 53 of 53 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 ... |
| ANZBY | ANZ | ANZ Group is one of Australia's Big Four banks and ranks among the top 60 global financiers of fossil fuels. Banking on Climate Chaos 2025 reports ANZ provided approximately $1.6 billion in fossil fue... |
| 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... |
| BBAR | BANCO BBVA ARGENTINA SA | Banco BBVA Argentina is a subsidiary of BBVA, one of the largest financiers of fossil fuel projects in Latin America. The bank provides corporate banking and financing services to oil and gas companie... |
| 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... |
| BLK | BlackRock, Inc. | BlackRock manages approximately $400 billion in fossil fuel securities, making it the second-largest institutional fossil fuel investor globally (behind Vanguard). This includes $109 billion in the co... |
| 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 (operating as La Caixa Group) is Spain's largest domestic bank. Banking on Climate Chaos 2025 ranks it #47 globally, with $2.4 billion in fossil fuel financing in 2024 and $18.4 billion cumu... |
| CBA | COMMONWEALTH BANK OF AUSTRALIA | Commonwealth Bank of Australia is the country's largest bank by market capitalization. Banking on Climate Chaos 2025 reports CBA provided $616 million in fossil fuel financing in 2024 and $2.9 billion... |
| 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... |
| COF | Capital One Financial | Capital One Financial provides significant financing to fossil fuel operators through its lending and capital markets activities. The bank is among the world's 60 largest financiers of fossil fuels, c... |
| 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... |
| DBSDY | DBS GROUP HOLDINGS LTD | DBS Group Holdings is Southeast Asia's largest bank by assets, headquartered in Singapore. Banking on Climate Chaos 2025 ranks DBS #46 globally, with $2.4 billion in fossil fuel financing in 2024 and ... |
| Debt | BPCE/Natixis | Groupe BPCE, parent of investment bank Natixis, is France's second-largest banking group. Banking on Climate Chaos 2025 ranks BPCE #31 globally, with $11.0 billion in fossil fuel financing in 2024 and... |
| DNKEY | Danske Bank | Danske Bank is Denmark's largest bank and one of the Nordic region's major financial institutions. Banking on Climate Chaos 2025 places it at #55 globally, with $1.1 billion in fossil fuel financing i... |
| 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,... |
| IDCBY | ICBC | Industrial and Commercial Bank of China is the world's largest bank by assets and a dominant financier of fossil fuel projects globally. Civic groups have documented ICBC's continued funding of coal p... |
| IITSF | Intesa Sanpaolo | Intesa Sanpaolo is a major European financial institution that provides significant financing to the fossil fuel industry. According to the Banking on Climate Chaos 2024 report, the bank provided over... |
| ING | ING | ING Group is a major European bank that provides significant financing to fossil fuel companies. Banking on Climate Chaos data identifies ING as a notable financier of oil and gas projects, despite th... |
| ITUB | ITAU UNIBANCO HOLDING SA | Itau Unibanco is Latin America's largest bank by market capitalization, headquartered in Sao Paulo. Banking on Climate Chaos 2025 ranks it #42 globally, with $3.8 billion in fossil fuel financing in 2... |
| 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... |
| KB | KB FINANCIAL GROUP INC | KB Financial Group is South Korea's largest financial holding company, controlling Kookmin Bank. Banking on Climate Chaos 2025 ranks it #52 globally, with $1.6 billion in fossil fuel financing in 2024... |
| KEY | KeyCorp | KeyCorp, through its KeyBank subsidiary, provides financing and banking services to fossil fuel operators, placing it within the fossil fuel ancillary services category. The bank's lending portfolio i... |
| 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 ... |
| MFG | Mizuho | Mizuho Financial Group is one of the world's largest financiers of fossil fuels. According to the Banking on Climate Chaos reports (Rainforest Action Network et al.), Mizuho provided $40.3 billion in ... |
| 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 ... |
| MUFG | Mitsubishi UFJ Financial Group, Inc. | Mitsubishi UFJ Financial Group (MUFG) is one of the world's largest financiers of fossil fuel companies. The Banking on Climate Chaos 2025 report identified MUFG as a top-tier fossil fuel financier, w... |
| NAZBY | NATIONAL AUSTRALIA BANK LIMITED | National Australia Bank is one of Australia's Big Four banks. Banking on Climate Chaos 2025 ranks it #54 globally, with $1.1 billion in fossil fuel financing in 2024 and $6.6 billion cumulatively from... |
| NRDBY | Nordea | Nordea is the largest financial services group in the Nordic region, headquartered in Helsinki. Banking on Climate Chaos 2025 ranks it #53 globally, with $1.5 billion in fossil fuel financing in 2024 ... |
| NWG | NatWest | NatWest Group provided $2.7 billion in fossil fuel financing in 2024, making it the 4th largest UK fossil fuel financier after Barclays, HSBC, and Lloyds, according to the Banking on Climate Chaos 202... |
| PNC | PNC Financial Services | The 2025 Banking on Climate Chaos report documents PNC Financial Services providing $56.9 billion in financing to the fossil fuel industry between 2021 and 2024. In 2024 alone, PNC provided $15.3 bill... |
| PSTVY | Postal Savings Bank of China | Postal Savings Bank of China (PSBC) is one of China's six largest state-owned commercial banks, with the world's largest retail customer base. Banking on Climate Chaos 2025 ranks it #56 globally, with... |
| RJF | Raymond James Financial | Raymond James Financial provides investment banking, capital markets, and financial advisory services to fossil fuel companies. Its Capital Markets division offers underwriting and M&A advisory specif... |
| SAN | Santander | Banco Santander provided $48.28 billion in lending and underwriting to the fossil fuel sector between 2021 and 2024, ranking among the top 25 global financiers of fossil fuel expansion per the Banking... |
| 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,... |
| SCGLY | Société Générale | Societe Generale is France's third-largest bank. Banking on Climate Chaos 2025 ranks it #29 globally, with $11.2 billion in fossil fuel financing in 2024 and $37.9 billion cumulatively from 2021 to 20... |
| STAN | Standard Chartered | Standard Chartered is a major international bank identified by Banking on Climate Chaos as a significant financier of fossil fuel expansion, particularly in Asia and Africa where it provides lending a... |
| TFC | Truist | Truist provides financial services to the fossil fuel industry, including lending and underwriting to companies in the oil, gas, and consumable fuels sector, as well as to equipment and services provi... |
| USB | US BANCORP | U.S. Bancorp provided $52.8 billion in fossil fuel financing from 2021-2024 per Banking on Climate Chaos 2025, including $13.0 billion in 2024 alone ($5.0 billion directed toward fossil fuel expansion... |
| WBK | Westpac | Westpac is one of Australia's Big Four banks. Banking on Climate Chaos 2025 ranks it #58 globally with $1.1B in fossil fuel financing in 2024, providing direct capital to fossil fuel extraction and in... |
| 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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