Fossil fuel financing surged to $869 billion in 2024, report says

Funding to fossil fuel companies increased last year for the first time since 2021

A Wall Street sign hangs in front of a U.S. Flag outside the New York Stock Exchange. — A Wall Street sign hangs in front of a U.S. Flag outside the New York Stock Exchange.Photo: REUTERS/SCANPIX

Rebecca Conan

European energy correspondent

Published 17 June 2025, 08:58Updated 17 June 2025, 08:58

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