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.
LNG (Liquid Natural Gas)
Tar Sands Oil Fields
Total Fossil Fuel Financing
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.