Banks Increase Fossil Fuel Funding in 2024 Amidst Policy Rollbacks

Big banks around the world gave more money to companies that use fossil fuels like oil and gas in 2024.

They loaned $869 billion, which is a lot more than the year before.

One of the banks that increased their loans was State Bank of India.

This happened even though scientists say we need to use less fossil fuels to help the planet.

Some banks are starting to invest in cleaner energy, but many are still supporting the old ways.

Some countries are even making it easier to use fossil fuels, while others want to stop using them.