Reports in topic: Finance & Economics

Bankrolling Climate Change: a look into the portfolios of the world’s largest banks

The study identifies the top twenty "climate killers" in the banking world. Among the top twenty are banks from the United States, the United Kingdom, Germany, France, Switzerland, China, Italy and Japan. This analysis finds that the top three banks fuelling climate change worldwide are JP Morgan Chase (EUR 16,5 bio.), Citi (EUR 13,7 bio.) and Bank of America (EUR 12,6 bio.).

Unburnable Carbon: are the world’s financial markets carrying a carbon bubble?

There are more fossil fuels listed on the world’s capital markets than we can afford to burn if we are to prevent dangerous climate change. This report quantifies how bad the overshoot is, company by company, stock exchange by stock exchange. Nowhere in the financial chain does the capital market recognise, or quantify, the possibility that governments will do what they say they will in regards to emissions reductions. This is a huge oversight, and there are serious financial risks if the fossil fuel reserves or 'assets' held by publicly listed companies becoming stranded as countries begin to shift towards a low carbon economy.