What is your money up to?

On this page, you’ll find ways to explore the impact of your deposits at some of the biggest American and global banks.

We’ve sourced this data from two sources: the Wall Street Journal and an incredible annual report called “Banking on Climate Chaos.” If you want to know more about the money pipeline’s specific quantitative impact, this is the place to go. However, it’s a long report, so here you’ll find some distilled charts and tables you can use to consider what your money is up to at the big banks.

First, a list of the US banks in our data. Then, details of the categories of fossil fuel extraction considered here. For more complete explanations and fossil fuel financing information, visit Banking On Climate Chaos.

The US Banks represented below are: Bank of America, Citi, Goldman Sachs, JPMorgan Chase, Morgan Stanley, PNC, US BanCorp, and Wells Fargo.

Amazon
Photo by Renaldo Matamoro on Unsplash

Companies supporting or engaging in the extraction or oil, gas, or other resources from the Amazon river basin region. 

More information on Amazon extraction

More information on the methodology used

Arctic
AP/Greenpeace/Steve Morgan

Companies supporting or engaging in the extraction of oil and gas from Arctic ecosystems– on land or offshore. 

More information on Arctic extraction

More information on the methodology used

Coal Power
Photo by Johannes Plenio on Unsplash

Companies supporting or engaging in the extraction of oil and gas from arctic ecosystems– on land or offshore. 

More information on Coal Power

More information on the methodology used

Coal Mining
Photo by Pedro Henrique Santos on Unsplash

Companies producing coal or planning for coal production expansion. 

More information on Coal Mining

More information on the methodology used

Expansion
Photo by Scott Blake on Unsplash

Banks investing in or loaning to companies involved in expanding fossil fuel extraction by exploring the opening of new oil and gas operations or building pipelines or other transportation or refinement capability.

More information on pipelines 

More information on the methodology used

Fracking
Photo by Jared Evans on Unsplash

Companies supporting or engaging in the extraction of oil and gas via fracking.

More information on Fracking

More information on the methodology used

LNG (Liquid Natural Gas)
Photo by Paul Teysen on Unsplash

Companies supporting or engaging in the import or export of Liquefied Natural Gas (LNG).

More information on LNG

More information on the methodology used

Offshore Drilling
Photo by Zachary Theodore on Unsplash

Companies supporting or engaging in the extraction of oil and gas from offshore, underwater deposits.

More information on Offshore Drilling

More information on the methodology used

Tar Sands Oil Fields
Credit: Michael Kodas/Inside Climate News

Companies engaging in tar sands extraction or piping tar sands oil to be refined. 

More information on Tar Sands

More information on the methodology used

Total Fossil Fuel Financing
Photo by ANIRUDH on Unsplash

Companies engaging in tar sands extraction or piping tar sands oil to be refined. 

More information on Climate Change and Fossil Fuels

More information on the methodology used

For computer users: enter your bank and your deposit amount to get a sense of the $ amount of your deposits currently funding fossil fuels.

Data for bank investments comes from Banking on Climate Chaos, an annual report compiled by the Rainforest Action Network. It encompasses 60 of the worlds biggest banks by asset size, and over 3000 of the worlds biggest fossil fuel companies. It measures financing to fossil fuel companies for fossil fuel projects. This includes loans and underwriting activity scaled to the amount of fossil fuel activity the relevant companies engage in. More information on the methodology of the report and the full report can be found here.

As explained above, the data used to compile “your impact” should be taken with the understanding that it does not encompass all possible fossil fuel investments your deposits may be used for. Critically, it only includes financing activity (loans and underwriting) and [3000?] of the world’s biggest fossil fuel companies. This excludes, thus, other forms of investments and smaller fossil fuel companies or companies engaged in activity to support those fossil fuel companies (like banks). This tool also computes “your impact” by multiplying your deposit amount by the percent of total financing devoted to fossil fuels for your selected category.

Because most banks put the largest share of deposit money into financing activity, the number above can be legitimately used to assess “your impact,” but it must be understood within the context of the data’s gaps.

If your bank wasn’t included above, or you just want to learn more about what your bank invests in beyond fossil fuels visit Mighty Deposits or Bank for Good.

OR, learn how to change your bank by going to our Move your Money tab.