We Took Our Demands to the Doorstep of Chubb CEO Evan Greenberg
Last month, RAN and partners in New York City built a two-story oil derrick right outside Chubb CEO Evan Greenberg’s house. Because while he’s making insurance deals and crunching profits…
These U.S. Banks Are Financing Climate Chaos through Fossil Fuel Expansion
We’ve heard lofty net zero promises over the last year from the top U.S. banks – Bank of America, JPMorgan Chase, Citi, Wells Fargo, Morgan Stanley, and Goldman Sachs. But…
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…
Global Pressure Mounts on Trans Mountain Insurers in Advance of Renewal Deadline
As August 31 deadline nears, hundreds of thousands demand that Liberty Mutual rule out insuring tar sands expansion August 24, 2022 (Boston, MA, USA) – As Trans Mountain seeks to…
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…
Close to $60bn invested in fossil fuels by North American insurers
(Note: This article first appeared in Reinsurance News) Author: Kassandra Jimenez-Sanchez Top North American insurers invested $59.7bn in fossil fuels, with $30.8bn in oil and gas holdings as of 2019, according…
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.