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,…
Citi Latest Bank to Issue 2050 “Net Zero” Climate Commitment; Climate Advocates Call for Immediate Action to Match Long-term Pledge
Responding to Citi’s climate announcement today, Jason Opeña Disterhoft, Senior Climate and Energy Campaigner with Rainforest Action Network, issued the following statement. “2050 commitments should only be taken seriously if…
Indigenous-led Actions Across the Nation Demand an End to Tar Sands Pipelines
On October 2, hundreds of people around the globe joined together to demand that Chase, Liberty Mutual, and other financial institutions stop backing the destructive tar sands sector and respect…
