Overview
- A consortium of NGOs—Éclaircies, Data for Good, LINGO and Reclaim Finance—released new data on October 27, 2025 detailing post‑2021 fossil expansion.
- The groups say more than 2,300 oil, gas and coal extraction projects have been approved or launched worldwide since 2021.
- Their updated tally identifies 601 so‑called carbon bombs, an increase of 176 since the previous CarbonBombs.org count.
- Twenty‑eight of these mega‑projects began operating between 2021 and 2025, while 12 were canceled or re‑evaluated.
- The authors estimate combined lifetime emissions from the new and planned projects at roughly 11 times the remaining 1.5°C carbon budget, and they link about $1.6 trillion in 2021–2024 financing from the 65 largest banks to companies involved, including TotalEnergies, CNOOC, Eni, BP, Shell, Saudi Aramco and CHN Energy.