Today, 120 organizations sent letters to the six biggest American banks urging them to stop lending and support for new and expanded gas export facilities, citing environmental justice and climate concerns as well as rising home heating costs for American communities being driven by the rise in exports.
Today, Citigroup announced new 2030 interim targets to reach its commitment to net-zero financed emissions by 2050. The plan includes a commitment to reduce absolute financed emissions from the energy sector by 29% and financed emissions intensity from the power sector by 63%.
New York, NY – Tonight, BlackRock CEO Larry Fink released his annual letter to CEOs. In response, Ben Cushing, Fossil-Free Finance Campaign Manager with the Sierra Club, released the following statement:
Today, President Biden announced the nomination of Sarah Bloom Raskin to be vice chair for supervision at the Federal Reserve, the Fed’s top regulator of Wall Street banks.
Today, Goldman Sachs became the third major U.S. bank to set 2030 emissions reduction targets under its commitment to reach net zero financed emissions by 2050.
Today marks the close of the public comment period on a proposed rulemaking from the Department of Labor that would restore flexibility to managers of pension funds and retirement accounts to consider the environment, social justice, and corporate governance in making investments and voting on shareholder proposals.
New report finds that if US financial institutions were a country, they would be the fifth worst carbon emitter in the world, or just below Russia, in annual net emissions of CO₂;
Despite CEO Larry Fink’s supposed commitment to climate leadership, BlackRock is leading a group of investors in a $15.5 billion deal with Saudi Aramco to support the fossil fuel giant’s massive planned expansion of gas pipelines.
Today, President Biden renominated Jerome Powell to continue in his current role as Chair of the Federal Reserve. He also nominated Lael Brainard, who currently serves on the Federal Reserve Board of Governors, as Vice Chair.
This morning, Dr. Saule Omarova will face the Senate Banking Committee for a hearing on her nomination to be Comptroller of the Currency.