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…
Challenging Banks,
the Fossil Fuel Funders
For years, RAN has been pushing big banks to cut financing to new and existing fossil fuel projects — especially the particularly destructive ones like tar sands, Arctic, offshore oil & gas, fracking, coal mining, coal power, and liquefied natural gas (LNG). If we are to have any chance of stopping the devastating impacts of climate change, banks must completely phase out their support for fossil fuels, starting with these devastating projects.