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In 2022 alone, the world's biggest non-public-sector banks nonetheless financed coal, oil, and gasoline to the tune of $673 billion, the report notes, even because the fossil fuel trade raked in a record-high $4 trillion in earnings amid Russia's invasion of Ukraine, which sent power costs soaring. Royal Bank of Canada funneled $42.1 billion into tar sands oil pipeline large Enbridge and other shoppers in 2022. Chase, Wells Fargo, Bank of America, and Citi weren't far behind, respectively providing $39.2 billion, $38.8 billion, $36.9 billion, and $33.9 billion to the fossil fuel business final year. Of the 60 banks profiled in the analysis, 49 have committed to attaining internet-zero emissions by 2050. The worth of such guarantees is questionable, nevertheless, as a result of these forty nine banks supplied 81% of the financing to the top 100 fossil fuel expanders in 2022. Key areas of development embody oil and gas extraction in the quickly warming Arctic and the beleaguered Amazon rainforest; offshore drilling; fracking; liquefied "pure" fuel export infrastructure in the U.S. I think that one thing that I'd add to that's that-this is a particular love of mine-I think we have to and I discussed it earlier, it’s around having to be a lot more collaborative inside an organization, across an trade, of a number of companies, and even across a whole worth chain

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