Press Releases

Gulf Coast Residents and Major Organizations Call on Financial Institutions to Phase Out Financing of LNG Projects in the Rio Grande Valley

“We will hold any financial institutions that choose to support these projects accountable for such impacts.”** READ THE LETTERS HERE **

Thousands of Vanguard Clients Ask New CEO to Center Climate Risk

Valley Forge, PA –  Today, 8,056 individual Vanguard (VG) clients released a letter welcoming Salim Ramji to the role as CEO of The Vanguard Group. The letter is a clear expression of clients’ desire to see Ramji center climate risk as a priority in Vanguard's investment and stewardship strategies under his tenure.

Shareholders Continue to Push for Better Disclosures at JPMorgan Chase and Morgan Stanley AGMs

NEW YORK, NY – This week, the last two major US banks, JPMorgan Chase and Morgan Stanley, held their Annual General Meetings (AGMs), where shareholders voted on several investor proposals calling for stronger transparency on energy financing and impacts on Indigenous Peoples' rights. So far this season, investors have consistently demanded more transparency on similar resolutions at other major US banks. 

Public Fiduciaries Call on Major Asset Managers to Vote Against ExxonMobil's Board of Directors

New York, NY – A group of thirteen trustees and state financial officers, including New York City Comptroller Brad Lander and California Treasurer Fiona Ma, filed an exempt solicitation urging major asset managers to vote against ExxonMobil Director Joseph Hooley and CEO Darren Woods at the upcoming annual general meeting on May 29, 2024. 

Statements In Response to Vanguard’s CEO Announcement from the Vanguard S.O.S. Network of Civil Society Organizations

In response to the news that Vanguard has hired Salim Ramji as its next CEO, members of the Vanguard S.O.S. campaign, which consists of civil society organizations focused on climate risk and responsible investing, released the following statements: 

BlackRock Shareholders Fail to Hold World’s Largest Asset Manager Accountable on Climate Risk Management

New York - Today, BlackRock held its annual general meeting (AGM), where shareholders voted on the election or reelection of members to the Board and investor proposals, including on reviewing the company’s climate-related proxy voting record. 

Top 6 U.S. Banks Financed Fossil Fuels with $1.8 trillion Since the Paris Agreement; Chase, Citi, & Bank of America Top the List Worldwide

New York, NY — Released today, the 15th annual Banking on Climate Chaos (BOCC) report employs a new, expanded data set that credits each bank making financial contributions to a deal instead of only crediting banks in leading roles.

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JP Morgan Chase, Mizuho, and Bank of America are worst 3 funders

New York, NY — Released today, the 15th annual Banking on Climate Chaos (BOCC) report employs a new, expanded data set that credits each bank making financial contributions to a deal instead of only crediting banks in leading roles.

Unions, Community Intensify their Call on CalPERS and CalSTRS to Hold ExxonMobil Accountable

LOS ANGELES –  An unprecedented coalition that includes unions representing a majority of current workers invested in CalPERS, the second largest union representing CalSTRS members and leading environmental groups in California are calling on CalPERS and CalSTRS, the two largest public pension funds in California, to hold ExxonMobil accountable following the company’s lawsuit against shareholders.  

Sierra Club Statement: New York City Pension Calls for BlackRock Shareholders to Vote Against Saudi Aramco CEO’s Board Seat

Today, New York City Comptroller Brad Lander announced that the New York City Employees' Retirement System (NYCERS) will use its shareholder power to vote against Amin Nasser, CEO of Saudi Aramco, for a seat on the board of BlackRock, and is urging other shareholders to do so as well.