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Major U.S. banks continue to finance oil and gas industry, study says

Major U.S. banks continue to finance oil and gas industry, study says

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JPMorgan Chase JPM, +1.35% Citigroup C, +1.22% and Bank of America BAC, +1.58% collected the most fees from the oil, gas and coal sectors in the past six years, according to a Bloomberg study released Monday. The news service said these and other major banks have drawn in at least $17 billion in fees and floated about $4 trillion in loans for fossil fuels since the Paris Agreement on climate was reached in 2015.

...read full article on Market Watch

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