# Banks that fund fossil fuels

**URL:** <https://discussion.fool.com/t/banks-that-fund-fossil-fuels/123505>\
**Category:** Macro Economic Trends and Risks\
**Created:** [February 23, 2026, 11:39pm UTC](https://discussion.fool.com/t/banks-that-fund-fossil-fuels/123505 "2026-02-23T23:39:50Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![jaagu](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/jaagu/32/6160_2.png) [@jaagu](https://discussion.fool.com/u/jaagu)\
**Post date:** [February 23, 2026, 11:39pm UTC](https://discussion.fool.com/t/banks-that-fund-fossil-fuels/123505/1 "2026-02-23T23:39:50Z")

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| [Wall Street Fossil-Fuel Deals Get Climate Groups to Change Tactics - Bloomberg](https://www.bloomberg.com/news/articles/2026-02-22/wall-street-fossil-fuel-deals-get-climate-groups-to-change-tactics?cmpid=BBD022326_GREENDAILY&utm_campaign=greendaily&utm_medium=email&utm_source=newsletter&utm_term=260223) |

In the summer of 2024, Alec Connon was a regular occupant of the small plaza in front of Citigroup’s Manhattan headquarters.

As a chief architect of a months-long, headline-grabbing protest against the bank’s funding of fossil-fuel companies he was to be found either in a human chain blocking the front door, holding a placard, or chanting, “Hey Citi, get off it, put planet over profit.”

Less than two years on, and Citigroup has [increased its financing of fossil fuels](https://links.message.bloomberg.com/a/click?_t=f574328d4d0c4c359b90d8e49b10e21d&_m=66ccff9603d14885925261a46a04fda9&_e=l7OHMSkWuX4sDmpMI5GzJ27gLbopDfYU-K84hNECHpsqW0nNHGILmy4CvUXzfLY_CGYk9HrtWl53Ls7J-ZpawCWvEtlkJ5YE9wkCjQ-9RIT90H7ES47cXrVDJO5hsbwo3EnOiBq_eDMnwVVpnSiQml7MRf_wWDN_QKKJT6DwVqKx9KXMjQHkte0C_vE-l3BizoiAW8B0_-rHMF2iuT-o9sGfTMLAiyjV385Y1oRE0DhxsNHVFATriQMjcDxls9sGLYEb5B6oTomPuURKuip9MkVeq1sKXRCp_y0EmIG5nvVfsrQ43uRfVoqcJjk_wfI0RB-WD54w6YWbgsM-t2indZC6tWoi_1fRSEqYGbMRJqOVrHrbjUuF2ISvlfbfZfEmEJCgBsPvUKBOJ3_tULJNdLH4LITeCt7Jv0CDECNCRFfrV5jPP0uSaFyDBqkTcIvvRKVFLvahS6Qk-NOSIvF0yuq-l_4CuG8AYQPbMNAl32I%3D "Wall Street’s Oil Deals Have Climate Activists Resorting to New Tactics") through loans and bonds. In 2024, it ranked seventh among banks doing such deals. Last year, it had climbed the league table to become No. 4 thanks to a 16% jump in such transactions, according to data compiled by Bloomberg. JPMorgan Chase and Wells Fargo also saw an increase in deals in the period, though less pronounced, the data show.