Three proposed fracked gas export terminals would pose reputational risks for financial institutions Brownsville, TX — A new report released today highlights the reputational damage that would plague any…
Press Releases
First Major U.S. Insurance Company to Stop Insuring and Investing in Coal
Chubb, the Largest Commercial Insurance Company in the U.S., Announces New Policy to Address Climate Change July 1st, 2019 – Today, Chubb (NYSE: CB), the largest commercial insurance company…
Japan’s Largest Bank MUFG/Union Bank Protested Over Harmful Financing
Environmentalists call on MUFG to stop lending to Conflict Palm Oil, fossil fuel expansion ahead of annual shareholder meeting San Francisco, CA – Today, a group of activists protested outside…
Pressure Grows on Adani as Liberty Mutual Reveals it Will Not Insure Carmichael Project
Adani claims it has secured the necessary insurance but will not reveal its providers For Immediate Release: June 20th, 5pm PST, 2019 AUSTRALIA – U.S. insurance giant Liberty Mutual has…
Citigroup Cancels Financing of Indonesian Food Giant Indofood Over Palm Oil Labor Abuses
Major Asian, European banks and US brands still linked to controversial company San Francisco, CA – Citigroup has canceled all financing to Indonesian food giant and agribusiness company Indofood (INDF:IJ)…
Rainforest Action Network Responds to JPMorgan Chase Climate Report
FOR IMMEDIATE RELEASE Friday, May 24, 2019, 12:30pm PST BACKGROUND JPMorgan Chase today released a report based on the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), a…
Protests Erupt at Chase Tower, Activists Call on World’s Worst Banker of Climate Change to Defund Fossil Fuels
FOR IMMEDIATE RELEASE Tuesday, May 21, 2019, 1:30pm CT Contact: Ayse Gursoz, ayse@ran.org, (650)391-6443 Protests Erupt at Chase Tower, Activists Call on World’s Worst Banker of Climate Change to…
Japan’s largest bank MUFG adopts new policies to protect forests and the climate, but controversies abound
Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group and the world’s fifth largest bank by assets, has just released an updated Environmental and Social Policy Framework that will govern…
Tens of Thousands Demand Liberty Mutual Not Insure Massive Coal Mine
Contacts: Elana Sulakshana, Rainforest Action Network, (703) 589-0040 Katherine Tu, SumOfUs, +61422 430 282 (Melbourne, Australia) Photos available here, and more available upon request. Tens of Thousands Demand Liberty Mutual…
World’s 4th largest bank Mitsubishi UFJ Financial Group considers ending loans for new coal fired power projects. NGOs demand stronger action to withdraw from coal.
For Immediate Release CONTACT: Yuki Sekimoto, Rainforest Action Network, Japan Communications Coordinator yuki.sekimoto@ran.org, +81(0)80 4005 2489 TOKYO – Today, several newspapers have reported that Mitsubishi UFJ Financial Group（MUFG）is considering the announcement of…
Recent Media
Moody’s Analytics says climate change could cost $69 trillion by 2100
Lindsey Allen, executive director of Rainforest Action Network, said that “new coal projects cannot be built without insurance, and Chubb just dealt a blow to the dozens of companies that…
Chubb Insurance Company Pulls Back From Coal Industry
“Without insurance, dirty energy projects like coal-fired power plants and coal mines can’t be built or maintained. So we are calling on the insurance industry to stop insuring these projects…
THE DEMOCRATIC DEBATES SHOW 2020 IS SHAPING UP TO BE A CLIMATE CHANGE ELECTION | OPINION
Lindsey Allen, Executive Director at Rainforest Action Network: “But we need to remember: The politicians are not leading—they are following. From the broad coalition of Indigenous Water Protectors, local activists,…
Trudeau cabinet approves Trans Mountain expansion project
Environmental groups attacked the decision to proceed with the project. Patrick McCully, energy program director at the Rainforest Action Network, said it was “stunningly hypocritical” for the government to put…
Protesters Disrupt Chase Shareholder Meeting Over Financing of Controversial Pipeline
“Upstairs there are men, white men, in business suits making decisions about how this Earth is going to be treated, how the lands are treated and how people are treated,”…
How Chase And The Big Banks Undermine Climate Action | Opinion
Patrick Mccully, Climate and Energy Program Director at Rainforest Action Network: “Jamie Dimon, CEO of JPMorgan Chase, is uniquely culpable among the titans of finance for the simple reason that…
The New York Times: Waste Not, if You Want to Help Secure the Future of the Planet
“The second and third most common textile fibers are already made from plants — cotton and viscose rayon. Most viscose rayon is made from wood pulp, but the process of…
Extinction Rebellion went easy on big financiers of fossil fuels
…last month JPMorgan topped the Banking on Climate Change ranking of fossil fuel financiers, compiled by the Rainforest Action Network. The bank is the biggest funder of the fossil fuel…
Climate Devastation Is Big Business For Big Banks
Jason Disterhoft, Climate and Energy Senior Campaigner at Rainforest Action Network: “This report should also make clear to investors in banks just how much climate risk there is in those…
US Banks Pledged to Fund Renewable Energy, But They Still Spend Way More on Fossil Fuels
“The sad reality is that the fossil fuel sector has only grown since Paris,” says Patrick McCully, climate and energy director for the Rainforest Action Network and one of the…
