Bank of America Climate Announcement All Future Aspiration and No Immediate Action
Bank of America today becomes the second of the big six U.S. banks to commit to net zero financed emissions by 2050. While this is a welcome first step, to…
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…
Fracking Fiasco: The Banks That Fueled the U.S. Shale Bust
New report names Wells Fargo and JPMorgan Chase as main players pouring big money into troubled industry San Francisco – A new report by Rainforest Action Network (RAN) and Oil…
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…
[Sept 2020 Update] Who’s banking the Coastal GasLink pipeline?
The short version At the end of May 2020, at least 26 banks from around the world took part in a US$4.7 billion project finance loan to fund the construction…
Who’s Funding Forest Destruction?
Half the people in the world have bank accounts — but what are the banks doing with all that cash? Banks have been financing fossil fuels for decades, but most people don’t realize that they’re also bankrolling forest destruction. Their dollars are literally fueling the clear cutting of the world’s rainforests for palm oil, pulp and paper, soy and beef. That’s why we must stop the funding of forest destruction.
