The world's leading banks ramped up investment in fossil fuels last year to the overall tune of US$900 billion, up 8 percent on 2024, a group of NGOs said Tuesday in a joint report.

Causing decades more of earth-warming carbon emissions, last year, the 65 largest banks heavily expanded their fossil fuel financing, committing $906 billion to industry companies…

JPMorgan Chase leads 65 banks making decisions incompatible with restraining rising temperatures, researchers say