Santander
#7 in Europe for financing fossil fuel expansion.
Your bank is failing on climate responsibility.
Santander is one of Europe's biggest fossil fuel financiers, having committed at least $80 billion to coal, oil, and gas since the Paris Agreement.
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Despite outperforming UK peers on its renewables ratio, Santander's fossil fuel financing has been growing rapidly. Annual financing rose by an average of 24% per year over 2021-2024, reaching $17.3 billion in 2024. Santander is a top global financier of liquefied natural gas expansion.
In July 2025, Santander rolled back its only client-level oil exclusion, weakening one of its few remaining fossil fuel restrictions. The Bureau of Investigative Journalism revealed in 2024 that Santander had also quietly added a fracking exception to its policy, after raising at least $28 billion for Gulf Coast LNG terminals.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
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