Canada's big banks financed about US$145 billion in fossil fuel investments last year, compared with about US$75 billion to low-carbon energy, said a report released Thursday. The ratio for Canada's Big Six banks was 0.61 to 1 last year, worsening from 0.67 to 1 in 2023. However, the picture was mixed, with some seeing a higher ratio of funding to renewables and others slipping. TD Bank Group had the worst ratio of its Canadian banking peers with 31 cents going to low-carbon energy for every dollar directed at fossil fuels. He said some banks are showing progress, pointing to BNP Paribas, which has achieved a ratio of 2:1 in favour of low-carbon energy, as an example to follow.