Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations. San Francisco – Released today, the 13th annual Banking on…
March 29, 2022
January 19, 2022
Citigroup Surpasses Peers With Absolute Emissions Reduction Target for Energy Finance, Still Fails to Rule Out Support for Fossil Fuel Expansion
Citigroup announced 2030 targets to reach its commitment to net-zero financed emissions by 2050. The plan includes commitments to reduce absolute financed emissions from the energy and power sectors by specific percentages.
December 16, 2021
Goldman Sachs Becomes the Latest US Bank to Set 2030 Emissions Targets Without Ruling Out Fossil Fuel Expansion or Committing to Absolute Emissions Reductions
Contacts: Christopher Herrera, christopher@ran.org Gabby Brown, gabby.brown@sierraclub.org New York, NY – Today, Goldman Sachs became the third major U.S. bank to set 2030 emissions reduction targets under its commitment to…
December 16, 2021
Statement on Investor Resolutions to Stop Wall Street Funding for Fossil Fuel Expansion
Investors Call on Wall Street Banks to Stop Financing Expanded Fossil Extraction A group of investors coordinated by the Interfaith Center on Corporate Responsibility (ICCR) today announced a slate of…
November 23, 2021
Statement From Rainforest Action Network In Solidarity With Wet’suwet’en Leadership
Outrageous continued human rights abuses on Wet’suwet’en traditional territory, in the name of corporate profits have to stop. Rainforest Action Network stands in solidarity with the Wet’suwet’en hereditary chiefs in…
November 3, 2021
Morgan Stanley Sets 2030 Emissions Targets, But Fails to Rule Out Financing for Fossil Fuel Expansion
Morgan Stanley’s targets sidestep the IEA’s key finding that net zero means no fossil fuel expansion. It’s past time for intensity-only targets. We need absolute emissions cuts and clear client criteria: no support for companies expanding fossil fuels and a clear date for requiring clients to exit the sector.
October 28, 2021
Guerilla Advertising Campaign Takes Aim at Liberty Mutual’s Fossil Fuel Business
Boston-Based Insurance Giant Liberty Mutual is a Top Global Insurer of Oil and Gas Boston, MA (October 28) – As world leaders prepare to address the climate crisis in Glasgow…
October 27, 2021
BREAKING: “CODE RED!” Activists Unfurl Massive Banner at NYC UN HQ to Demand Real Climate Action Ahead of Glasgow Climate Summit
70 foot wide call-to-action banner deployed across four lanes of Manhattan traffic highlights critical stakes for humanity as nations gather for most important climate talks since Paris *High resolution photos…
October 21, 2021
Multinational Consumer Brands Procter & Gamble, Ferrero, Mondelez and Others Failing To Disclose Full Impact on Forests, Human Rights
New report evaluates ten of some of the largest consumer goods companies on their full impact on forests and communities in Indonesian Borneo San Francisco, CA – Amidst announcements from…
October 20, 2021
Axis Capital Becomes First North American Insurer to Commit to Phase Out Coal Business
New climate policy from AXIS Capital increases pressure on U.S. insurers to follow suit October 20, 2021 – Today, insurer AXIS Capital (NYSE: AXS) announced new policy measures restricting insurance…