Chubb Becomes First U.S. Insurer to Limit Insuring Oil and Gas Extraction Projects but Falls Short from Aligning with Climate Science
Insurance Giant Adopts Policy on Conservation Areas and Methane Emissions March 22, 2023 – Today, Chubb (NYSE: CB) announced a new suite of policies to restrict underwriting oil and gas…
Mozambique Shows How JPMorgan Chase Backs War and Climate Chaos
Investors fan the flames of conflict by backing natural gas project that accelerates instability (This story first appeared in the outlet All Africa.) JPMorgan Chase is the biggest fossil fuel…
CLIMATE GROUPS SLAM CITI’S ‘GREENWASHED & PIECEMEAL’ EMISSIONS ANNOUNCEMENT
Citi’s announcement today on sectoral emissions targets is “greenwashed and piecemeal” and does not go far enough in meeting climate community expectations or what scientists warn is desperately needed to…
RAN responds to Nestlé’s Land Rights Action Plan; ‘More Major Brands Must Ensure Rights, Forest Protections’
February 22, 2023 (San Francisco, CA) — Rainforest Action Network has issued a response to Nestlé’s recently published Action Plan on “Indigenous Peoples’ and Local Communities Land Rights.” The plan…
Healthy Gulf releases new documentary “Defend SWLA” on the impact of LNG expansion in the Gulf
Big Oil has their sights set on the Gulf Coast. Louisiana residents are already feeling the effects of oil and gas infrastructure — from toxic air, to poisoned fish, to…
Adani Group’s troubles are a warning against investment in fossil fuels
(This op-ed first appeared in South China Morning Post) The stock meltdown of Indian conglomerate Adani Group in the wake of the release of a report by short-seller Hindenburg Research…
Major Palm Oil Traders Confirm RAN Evidence of Illegal Plantations Inside Indonesian Wildlife Refuge, Commit to Restore Destroyed Rainforest
After initially denying the evidence, Indonesia’s largest palm oil traders admit that a supplier to major global brands was operating an illegal plantation inside the nationally protected Rawa Singkil Wildlife…
JUST 7% OF GLOBAL BANKS’ ENERGY FINANCING GOES TO RENEWABLES, NEW DATA SHOWS
Major global banks are standing in the way of climate targets with new data showing just 7% of their financing for energy companies went to renewables between 2016 and 2022….
RAN Responds to Oil Executive Appointed as President of UN Climate Conference
The following statement is In response to Sultan Al Jaber, chief of the Abu Dhabi National Oil Company (ADNOC), being named as President-Designate of the 2023 UN climate summit, COP28,…
Pressure on US Banks as HSBC Announces End to New Oil and Gas Funding
Groups representing a broad section of the US climate movement are demanding that US banks halt funding for new oil and gas projects, following a dramatic change to HSBC’s energy…
