🛢️ Fossil fuel financing surged by $162.5bn in 2024, according to the latest Banking on Climate Chaos report, ending a three-year decline and raising concerns about banks’ climate commitments. 🌍 US banks led the rise, with JPMorgan, Citigroup and Bank of America recording the largest increases. JPMorgan alone committed $53.5bn, retaining its title as the world’s biggest fossil fuel financier. ⚠️ Shareholder voices are growing louder. Andrew Harper of Epworth Investment Management calls Barclays’ 55.5% jump in financing “alarming”, while experts warn banks are risking long-term stability for short-term gains amid the ESG backlash. *Read more here:* https://on.ft.com/3FYlECO