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 holdings, and prompt them to ask the banks hard questions about their plans to phase out their fossil fuel financing. We’ve also seen regulators take up the findings of the report, most notably earlier this month when Representative Rashida Tlaib asked the CEOs of the U.S. megabanks about their fossil fuel financing and commitments at a high-profile House Financial Services Committee hearing.” (Read more…)