Fracking Fiasco: The Banks That Fueled the U.S. Shale Bust
New report names Wells Fargo and JPMorgan Chase as main players pouring big money into troubled industry San Francisco – A new report by Rainforest Action Network (RAN) and Oil…
Global Climate Groups Issue Guidance To Finance Giants on Aligning with Paris Agreement Goals
‘Paris Principles’ document lays out steps needed to transform finance commitments into action The world’s biggest banks, insurers and money managers are under pressure from the public, politicians and their…
[Sept 2020 Update] Who’s banking the Coastal GasLink pipeline?
The short version At the end of May 2020, at least 26 banks from around the world took part in a US$4.7 billion project finance loan to fund the construction…
RAN Responds to Morgan Stanley joining Partnership for Carbon Accounting Financials
In response to news that Morgan Stanley is joining the Partnership for Carbon Accounting Financials, Jason Opeña Disterhoft, Rainforest Action Network Climate and Energy Senior Campaigner, said: “Today’s move is…
Wall Street’s Biggest Banks Back New Climate Initiative; Climate Advocates Raise Questions
San Francisco – Four of America’s largest banks, JPMorgan Chase, Wells Fargo, Bank of America and Goldman Sachs, have announced as Founding Partners of the Center for Climate Aligned Finance,…
Morgan Stanley 5th Major U.S. Bank to End Arctic Oil Financing; Bank of America Now Stands Alone
Morgan Stanley 5th Major U.S. Bank to End Arctic Oil Financing; Bank of America Now Stands Alone. The next steps are ending funding for expansion of fossil fuels and committing to phasing out all fossil finance.
Reckless Keystone XL Decision by TC Energy Endorsed by JPMorgan Chase, Citi and Canadian Peers
Reckless KXL Decision Backed by Chase and Big Banks