Bank of America Climate Announcement All Future Aspiration and No Immediate Action
Bank of America today becomes the second of the big six U.S. banks to commit to net zero financed emissions by 2050. While this is a welcome first step, to…
RAN Response on Biden Rejoining Paris Agreement
by Patrick McCully, Climate and Energy Program Dirctor for Rainforest Action Network “It is certainly encouraging to see the incoming administration begin to clean up Trump’s climate mess by immediately…
RAN Responds to President Biden’s Cancellation of the Keystone XL Pipeline
Today is a victory of people power over the fossil fuel industry. Cancelling Keystone XL pipeline is a first step. We need to stop the equally destructive Line 3 tar sands pipeline, as well as the DAPL pipeline and other oil and gas export projects.
RAN Responds to Lee Raymond’s Departure from Board of JPMC
In response to Lee Raymond’s announcement that he is leaving JPMorgan Chase’s board, Paddy McCully, director of the Climate and Energy Program at Rainforest Action Network, said: “RAN welcomes the…
Rainforest Action Network Responds to Liberty Mutual Signing onto the Principles for Responsible Investment
San Francisco, CA –– Today, Liberty Mutual, one of the world’s largest fossil fuel insurers, announced that it has signed onto the Principles for Responsible Investment, an international network of institutional…
Big Banks Face Stark Climate Choices as Tar Sands Pipelines Rammed Through Amidst Escalating Pandemic
Contentious Keystone XL and Line 3 pipelines present major test of banks’ commitments on Indigenous rights and the climate As the U.S. enters its the deadliest phase yet of the…
JPMC Commits to Align with Paris Climate Accord; Watchdog Group Warns Commitment Falls Far Short
Following years of campaigning against world’s largest banker of climate chaos, Rainforest Action Network responds to news of company’s Paris Alignment commitment SAN FRANCISCO, CA — In response to the…
Chasing Down Chase
JPMorgan Chase is the world’s worst fossil fuel banker — but the pressure to change is mounting. This year, CEO billionaire Jamie Dimon, and the rest of the bank’s senior management team got a warning from their shareholders they can’t afford to ignore.
Challenging Banks,
the Fossil Fuel Funders
For years, RAN has been pushing big banks to cut financing to new and existing fossil fuel projects — especially the particularly destructive ones like tar sands, Arctic, offshore oil & gas, fracking, coal mining, coal power, and liquefied natural gas (LNG). If we are to have any chance of stopping the devastating impacts of climate change, banks must completely phase out their support for fossil fuels, starting with these devastating projects.