Green drive dwarfed by lenders’ $1.9tr fossil fuel financing

Banks have pumped $1.9tr into fossil fuel financing since the Paris Agreement was signed, according to a new report. This is despite the widespread push from investors and shareholders for a greener approach to funding business.

  • By Mike Turner
  • 25 Mar 2019


The four biggest global bankers of fossil fuel industries are all from the US. JP Morgan, Wells Fargo, Citi and Bank of America have provided $583bn of funding to fossil fuel companies since the United Nations’ Paris Agreement was signed in December 2015, according to ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 188,473.53 485 11.46%
2 Bank of America Merrill Lynch 169,523.74 530 10.31%
3 Citi 104,172.93 305 6.34%
4 Wells Fargo Securities 93,641.03 345 5.70%
5 Mizuho 77,718.73 343 4.73%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 2,711.00 8 10.61%
2 First Abu Dhabi Bank 2,481.46 9 9.71%
3 Citi 1,786.67 6 6.99%
4 MUFG 1,499.82 6 5.87%
5 Sumitomo Mitsui Financial Group 1,489.50 4 5.83%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,789.90 38 7.23%
2 Credit Agricole CIB 5,356.91 28 6.69%
3 Deutsche Bank 5,287.08 28 6.60%
4 JPMorgan 5,144.14 22 6.43%
5 Goldman Sachs 4,189.40 23 5.23%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 23,205.24 91 7.83%
2 BNP Paribas 22,856.10 93 7.71%
3 Bank of America Merrill Lynch 17,912.30 51 6.04%
4 JPMorgan 15,832.35 43 5.34%
5 UniCredit 13,242.71 72 4.47%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%