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Database Provider


Rainforest Action Network


9th, 10th, 11th, 12th


Social Studies, Economics

Resource Type

  • Articles and Websites

Regional Focus

Global, North America, Asia, Europe, Middle East



Banking on Climate Chaos: Fossil Fuel Finance Report 2023

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  • This detailed report dives deep into the financing of the fossil fuel industry with the thesis that banks who support companies expanding fossil fuels are driving the climate crisis.
  • Additional topics covered are banks that are making positive moves, Indigenous resistance, fossil fuel expansion, types of extraction, conclusions, and demands.
Teaching Tips


  • This report is incredibly detailed and delivers an abundance of data and information to decipher and analyze. 
  • Graphs, charts, tables, and pictures are included to assist students in understanding the information presented. 

Additional Prerequisites

  • Students should be comfortable with advanced economic data sets, a variety of graphs, and economic vocabulary. 


  • Cross-curricular connections could be made in science classes by using this resource to discuss the different types of fossil fuel extraction or in social studies classes when discussing governmental treaties and resistance. 
  • This resource is dense, so teachers may want to let groups of students work on different sections (either tracking a bank or a type of fossil fuel extraction). Groups could create mini-lessons, presentations, or visuals to teach the class about their findings. 
  • As an extension, students could discuss how the information makes them feel as financial consumers and whether it will impact the financial decisions that they make. 
  • Other related resources include this climate action tracker that shows countries' emission data,  this video about tangible steps people can take to help the environment, and this course about climate economics. 
Scientist Notes
This resource provides a summary report that highlights how the world's top banks are financing the world's top 20 upstream oil and gas companies. This raises a great concern as these fossil fuel companies continue to expand their operations and scope. For a carbon-free world, this resource is important to guide policymakers to identify and track these banks and polluters to stop climate change. This is recommended for teaching.
  • Science
    • ESS3: Earth and Human Activity
      • HS-ESS3-1. Construct an explanation based on evidence for how the availability of natural resources, occurrence of natural hazards, and changes in climate have influenced human activity.
  • English Language Arts
    • Reading (K-12)
      • R.11-12.3 In literary texts, analyze the impact of the author's choices. (RL) In informational texts, analyze a complex set of ideas or sequence of events and explain how specific individuals, ideas, or events interact and develop. (RI)
      • R.11-12.5 In literary texts, analyze how varied aspects of structure create meaning and affect the reader. (RL) In informational texts, analyze the impact and evaluate the effect structure has on exposition or argument in terms of clarity, persuasive/rhetorical technique, and audience appeal. (RI)
  • Social Studies
    • Economics
      • SS.Econ1.b.h Evaluate how incentives determine what is produced and distributed in a competitive market system.
      • SS.Econ4.b.h Analyze the impact economic institutions (such as the Federal Reserve, property rights, legal systems or rule of law, corporations, minimum wage, and regulations) have on our country. Analyze the impact of institutions (e.g., corporations, labor unions, civil service system, government, associations) on wages, benefits, living standards, and a local community's economy. Assess how property rights are defined, protected, enforced, and limited by government (e.g., zoning laws, copyright laws, patents, intellectual property).
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