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…
Stop the Money Pipeline Coalition Members Respond to Climate Votes at Bank of America, Citi, Wells Fargo Shareholder Meetings
This morning, shareholders at Citi, Bank of America, and Wells Fargo voted 12.8%, 11%, and 11%, respectively, in support of groundbreaking resolutions pushing the banks to end their support for…
At Bank AGMs, Wall Street’s Biggest Fossil Fuel Financiers Face Demands for Climate Action, in the Boardroom and in the Streets
Climate resolutions pose a litmus test for investors, including BlackRock and Vanguard Tomorrow, the first three of six major U.S. bank shareholder resolutions will be voted on at the Annual…
Liberty Mutual’s Annual Policyholder Meeting Ends after 6 Minutes; Executives Refuse to Address Fossil Fuel Business
In response, activists spotlighted Liberty Mutual’s role as a climate laggard at the RIMS RISKWORLD Conference Photos can be found here. Boston, MA // San Francisco, CA (April 15, 2022) –…
Bank of America is the Latest Bank to Set 2030 Emissions Targets With No Plan for Absolute Reductions or Phasing out Fossil Fuel Finance
Today, Bank of America announced new 2030 targets to reach its commitment to net-zero financed emissions by 2050. The interim targets set goals to reduce the emissions intensity from its…
BREAKING: Giant Banner Drop at Insurance Conference Spotlights Chubb’s Role as a Top Fossil Fuel Insurer
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Photographs will be available here. San Francisco (April 12, 2022) – This morning, Indigenous Environmental Network and Rainforest Action Network dropped a giant banner outside the largest insurance conference in…
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Street Mural outside RIMS Demands Insurance Industry Stop Fueling Climate Crisis
Photographs available here San Francisco (April 11, 2022) – A coalition of Indigenous, environmental justice, and climate organizations painted a giant mural outside the RIMS 2022 RISKWORLD Opening Ceremony with a…
Climate finance groups call on financial institutions to heed IPCC report urging world to stop using fossil fuels
Report comes ahead of shareholder votes on fossil fuel expansion at six largest U.S. banks and major insurance companies Today the Intergovernmental Panel on Climate Change stated that existing and…
New Report: Despite ‘Net Zero’ Rhetoric, World’s Biggest Banks Continued to Pour Billions into Fossil Fuel Expansion in 2021
Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations. San Francisco – Released today, the 13th annual Banking on…
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.