New Report: World’s 60 Largest Banks Have Poured $3.8 Trillion Into Fossil Fuels Since Paris Agreement; Climate Groups Sound Alarm as Financing for Fossil Fuel Expansion Continues to Rise
Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016 *** Read report here: http://www.bankingonclimatechaos.org/ *** Released today, the 12th edition of the most…
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…
Investigation: Despite Government Moratorium, Critical Forests Continue to be Destroyed for Palm Oil in the Leuser Ecosystem
Palm oil producer PT. Nia Yulided caught logging and road building in Aceh Timur GPS Co ordinates N 4°25 ’31” E 97°48’00 A new investigation by Rainforest Action Network (RAN)…
Citi Latest Bank to Issue 2050 “Net Zero” Climate Commitment; Climate Advocates Call for Immediate Action to Match Long-term Pledge
Responding to Citi’s climate announcement today, Jason Opeña Disterhoft, Senior Climate and Energy Campaigner with Rainforest Action Network, issued the following statement. “2050 commitments should only be taken seriously if…
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…
Nestlé publishes its forest footprint in Aceh
Pressure builds on Ferrero, Mondelēz & Mars to follow suit As 2020 drew to a close, Nestlé –– the world’s largest food and beverage company –– became the first major…
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…
RAN Responds to Palm Oil Giant Musim Mas’ Issuance of Roadmap for No Deforestation Supply Chains in Aceh, Indonesia
RAN welcomes the announcement, calls for accelerated action to end deforestation for palm oil and advance rights-based protection and restoration of the Leuser Ecosystem Today, Musim Mas, one of the…
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…
Global Brands and Financiers Linked to Deforestation In the Leuser Ecosystem Through Royal Golden Eagle (RGE) Group of Companies
In-depth investigation reveals RGE palm oil arm APICAL sourcing from notorious forest destroyer Rainforest Action Network (RAN) investigators have uncovered connections between major brands and banks, including Colgate-Palmolive, Nestlé, Mondelēz,…