Chubb Adds New Climate Unit Yet Remains Top Fossil Fuel Insurer
January 4, 2023 (San Francisco, CA) – Today, Chubb announced that it has launched a Global Climate Business Unit to support the low-carbon transition. According to Chubb, the new structure…
COP27: What We Won and What We’re Still Fighting For
Protecting and preserving ecosystems like rainforests and peatlands is critical to any climate solution as they act as “carbon sinks” that store carbon, preventing it from releasing into our atmosphere….
Climate finance groups call on financial institutions to heed IPCC report urging world to stop using fossil fuels
Report comes ahead of shareholder votes on fossil fuel expansion at six largest U.S. banks and major insurance companies Today the Intergovernmental Panel on Climate Change stated that existing and…
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.
Financed Emissions and the Road to Glasgow
This blog was originally published as an essay in Banking on Climate Chaos: Fossil Fuel Finance Report 2021, published in March 2021 by Rainforest Action Network, BankTrack, Indigenous Environmental Network,…
Case Study: Fracking in Vaca Muerta
This blog was originally published as a case study in “Banking on Climate Chaos: Fossil Fuel Finance Report 2021” — a report by Rainforest Action Network, BankTrack, Indigenous Environmental Network,…
Case Study: The Arctic Refuge
This blog was originally published as a case study in “Banking on Climate Chaos: Fossil Fuel Finance Report 2021” — a report by Rainforest Action Network, BankTrack, Indigenous Environmental Network,…
