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.
Coal, Tar Sands and Fracked Gas: Fueling Climate Change
Climate change has played a heavy hand in making weather events more serious, and sometimes more often. And where there isn’t more rain, there are longer, and more frequent droughts that lead to longer, more dire fire seasons. Extracting fossil fuels like coal, tar sands, and fracked gas are contributing to climate chaos at an alarming rate, and so are the institutions that finance this dirty energy.
Japan’s Third Largest Bank – SMBC Group – In Discussions To Finance New Coal Export Terminal in California Amidst Pledge to Quit Coal Power
Contact: Laurel Sutherlin, Rainforest Action Network, (415) 246-0161 laurel@ran.org Margaret Rossoff, No Coal in Oakland, (510) 459-6054 margaretmft@gmail.com Oakland, CA — Today, Sumitomo Mitsui Financial Group (SMBC Group) announced…
Insurers Ditching Coal Doubled in 2019, but U.S. Industry Lags Behind
FOR IMMEDIATE RELEASE For more information: Myriam Fallon, myriam@sunriseproject.net, 708.546.9001 Insurers Ditching Coal Doubled in 2019, but U.S. Industry Lags Behind New report shows 46% of reinsurance market and 37%…
First Major U.S. Insurance Company to Stop Insuring and Investing in Coal
Chubb, the Largest Commercial Insurance Company in the U.S., Announces New Policy to Address Climate Change July 1st, 2019 – Today, Chubb (NYSE: CB), the largest commercial insurance company…
Things You Need to Know About Citi’s Underwhelming Coal Policy
You may have missed it- but Citi has finally released their policy on funding coal power…and we’re pretty sure you won’t be shocked to know, it is underwhelming.
3 RANimals in Poland
Three of us from RAN’s climate and energy team––Paddy, Jason and myself––have just arrived in Katowice, a small city in the heart of Polish coal mining country for COP24, the…
Chase Financing Coal Power Expansion in Poland 2018
While other European Union countries are setting near-term deadlines to sunset their nal coal mines and generating stations, the Polish government, in complete disregard of climate realities and economic common sense, is pushing ahead with a 1,000 megawatt coal- red power plant in the northeastern city of Ostrołeka.
Chase Financing Coal Power Expansion in Poland 2018 – Polish
Podczas gdy inne kraje Unii Europejskiej wyznaczają bliskie terminy wygaszania swoich kopalń i elektrowni węglowych, polski rząd, nie zważając na realia klimatyczne i zdrowy rozsądek gospodarczy, forsuje projekt elektrowni węglowej o mocy 1000 MW w Ostrołęce.
RAN targets MUFG Union Bank during Global Climate Action Summit
Banks have a critical role to play in the transition we need to a zero-carbon future. Unfortunately, many big banks continue to fund fossil fuels and deforestation over sustainable and…
