Carbon Bombs

Update

Carbon Bombs 2025 update: the world’s biggest fossil fuel extraction projects, and their funders

A coalition including LINGO, Data for Good, Reclaim Finance, and Éclaircies, releases the latest update to CarbonBombs.org – an open, global directory of climate-wrecking extraction projects, and the banks enabling them.

Explore the map at CarbonBombs.org →

What is new in this update

The directory tracks carbon bombs – mega extraction projects set to emit more than 1 gigatonne of CO₂ over their remaining lifetimes – alongside new fossil fuel extraction projects approved since 2021, and LNG terminals that hardwire methane gas dependence. It connects projects to the companies behind them, and to the banks financing those companies.

Definitions and methodology are on the project site. Sources include Rystad, Global Energy Monitor, the Global Oil & Gas Exit List, Banking on Climate Chaos, and the original public research on carbon bombs by Dr Kjell Kühne and co-authors (2020).

Key findings

1,400 Gt CO₂ – Total potential emissions from carbon bombs plus post-2021 extraction projects, about 11× the remaining 1.5 °C budget of ~130 Gt.
601 carbon bombs are identified in the database. Since identification, oil and methane gas bombs alone have emitted 54+ Gt CO₂.
Nearly 30 new carbon bombs have started operating since 2021, while only 12 have been cancelled.
2,343 new extraction projects have been approved since 2021 – 1,979 large oil and methane gas fields, and 364 large coal mines – despite 1.5 °C pathways calling for no new fossil expansion.
US$1.6 trillion in bank financing has flowed to companies behind carbon bombs and new extraction projects since 2021. Most of this is corporate finance; project finance is ~4% of total fossil support.
LNG infrastructure risks long-lived lock-in by tying methane gas fields to distant demand and creating new import dependence, even though existing export capacity is sufficient in a 1.5 °C pathway.

In the press

Selected coverage of the 27 October 2025 update:

Explore the data, name the funders, support the campaigns

Use the map to see where extraction projects are planned or operating, who owns them, and which banks are enabling them. Filter by project type, company, emissions, and more. Share findings with your community, and join campaigns to stop extraction projects before they lock in decades of pollution.

Visit CarbonBombs.org

About the data

The directory builds on the 2020 public study identifying carbon bombs, updated and expanded with multiple reference datasets. We track post-2021 final investment decisions for new extraction projects, and we attribute bank support primarily via corporate finance flows to the companies behind these projects.

Main sources include Rystad, Global Energy Monitor, the Global Oil & Gas Exit List, Banking on Climate Chaos, and partner research. See Key Findings on CarbonBombs.org for details.