The data is in: Chase, Citi, and MUFG are hurling us all towards climate catastrophe
Our annual flagship report, Banking on Climate Chaos, has revealed that JPMorgan Chase is once again the top funder of fossil fuels since Paris, followed by Citi. MUFG earns a dishonorable mention for its funding of poisonous pipelines. Fortunately for them, we have a plan–and we’ll make sure our voices are heard.
Citi Becomes First U.S. Bank to Restrict Financing for Companies Expanding Coal Power
RAN says significant step forward with major loophole Citigroup has issued today an updated Environmental and Social Policy Framework. The framework contains important new language further restricting its lending, underwriting…
Goldman Sachs Latest Major Bank to Issue ‘Net Zero by 2050’ Climate Commitment; RAN Responds
Today, Goldman Sachs announced a commitment to align its “financing activities with a net zero by 2050 pathway,” including by setting “interim business-related climate targets by the end of 2021.” …
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…
RAN Response on Biden Rejoining Paris Agreement
by Patrick McCully, Climate and Energy Program Dirctor for Rainforest Action Network “It is certainly encouraging to see the incoming administration begin to clean up Trump’s climate mess by immediately…
RAN Responds to President Biden’s Cancellation of the Keystone XL Pipeline
Today is a victory of people power over the fossil fuel industry. Cancelling Keystone XL pipeline is a first step. We need to stop the equally destructive Line 3 tar sands pipeline, as well as the DAPL pipeline and other oil and gas export projects.
RAN Responds to Lee Raymond’s Departure from Board of JPMC
In response to Lee Raymond’s announcement that he is leaving JPMorgan Chase’s board, Paddy McCully, director of the Climate and Energy Program at Rainforest Action Network, said: “RAN welcomes the…
Rainforest Action Network Responds to Liberty Mutual Signing onto the Principles for Responsible Investment
San Francisco, CA –– Today, Liberty Mutual, one of the world’s largest fossil fuel insurers, announced that it has signed onto the Principles for Responsible Investment, an international network of institutional…