Banks have to stop financing oil expansion. If they don’t, their net-zero commitments are greenwash.
This op-ed was first featured on Marketwatch. By Jason Opeña Disterhoft U.N. Secretary-General Antonio Guterres recently called on banks and other financial firms to stop financing the expansion of fossil…
Chubb Shareholders Reject Management Recommendations on Key Climate and Director Votes
Newly-released vote tallies demonstrate broad investor concern on fossil fuel underwriting and emissions reductions Zurich, Switzerland // New York City, USA (May 24, 2022) – At the May 19 annual…
At Chubb AGM, Insurance Giant Faced Demands for Climate Action on the Ballot and in the Streets
Action in Zurich Depicting Chubb CEO Greenberg Smearing the Planet with Fossil Fuels Shareholders pass resolution for transparency on emissions reductions, but stop short of calling for an end to…
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…
New Report: World’s 60 Largest Banks Have Poured $3.8 Trillion Into Fossil Fuels Since Paris Agreement; Climate Groups Sound Alarm as Financing for Fossil Fuel Expansion Continues to Rise
Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016 *** Read report here: http://www.bankingonclimatechaos.org/ *** Released today, the 12th edition of the most…
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.
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…
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…
Demand BLM Protect Chaco’s Sacred Sites From Fracking
New Mexico’s beautiful Chaco Canyon region is home to ancient ruins that are sacred to the Pueblo and Navajo people. Now, the government wants to let fossil fuel companies frack…
Did You Hear The One About The Bank That Couldn’t Count?
Last week, Bank of America (BofA) admitted a huge accounting error—for several years, it claimed a whopping $4 billion more in capital than it actually has. The day BofA announced…