Over a Trillion Financed in Fossil Fuel Expansion; Billions by US Banks Since the Paris Agreement
“Wall Street’s Dirtiest Secret” Exposes How Much Banks Finance Fossil Fuel Expansion and Exploitation OAKLAND — As part of finance day of COP27 the Rainforest Action Network exposed startling facts…
Report: Global Bank Policies ‘Dangerously Inadequate’ to Prevent Financing of Deforestation, Climate Chaos and Human Rights Abuses
As the climate and biodiversity crisis intensifies, credit to forest-risk commodity companies increased over 60% between 2020 and 2021 **Report available in English, Portuguese and Indonesian languages *** Press release…
Indigenous Australians to Investors: Dump Adani Group
55 banks dropped direct financing of the Carmichael Adani Coal Mine – yet indirect investment keeps it afloat (Queensland) The Wangan and Jagalingou Cultural Custodians of Queensland, Australia, are calling…
Ukrainians Call For Fossil Fuel Transition, Not Expansion
This op-ed first appeared in the International Business Times By Svitlana Romanko AND Pallavi Phartiyal Ukraine is on the frontlines of a devastating war exacerbated by fossil fuels. A number of Ukrainians are…
Wells Fargo is the Last of the Big US Banks to Set 2030 Emissions Targets
None Have a Plan for Phasing out Fossil Fuel Finance Contact: Gabby Brown, gabby.brown@sierraclub.org Today, Wells Fargo announced new 2030 targets to reach its commitment to net-zero financed emissions by…
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.
The Net-Zero Banking Alliance’s $40B Exxon Problem
With a flurry of commitments in the weeks leading up to the Glasgow climate summit, Mark Carney’s Net-Zero Banking Alliance (NZBA) now counts among its members the vast majority of…
