November 21, 2021
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.
November 17, 2021
This morning, Dr. Saule Omarova will face the Senate Banking Committee for a hearing on her nomination to be Comptroller of the Currency.
November 3, 2021
Today, Morgan Stanley announced new 2030 targets to reach its commitment to net-zero financed emissions by 2050. Last year, Morgan Stanley became the first major US bank to make a net-zero by 2050 commitment and it is one of the first major US banks, following JPMorgan Chase, to set interim 2030 targets.
November 2, 2021
Last night, the Glasgow Financial Alliance for Net Zero (GFANZ) announced that more than 450 financial firms with $130 trillion in assets have committed to net zero targets over the next three decades.
October 26, 2021
Goldman Sachs announced yesterday that it has joined the Net-Zero Banking Alliance (NZBA), making it the last of the six major U.S. banks to join.
October 21, 2021
Today, the Financial Stability Oversight Council (FSOC), led by Treasury Secretary Janet Yellen, released a highly anticipated report laying out recommendations for mitigating climate risks to the economy, as directed by President Biden’s May Executive Order.
October 15, 2021
San Francisco, CA -- Wells Fargo announced today that it has joined the Net-Zero Banking Alliance (NZBA), following its commitment in March to reach net-zero emissions by 2050.
October 15, 2021
WASHINGTON, D.C. -- Public Citizen, Sierra Club, 350.org, Americans for Financial Reform, Evergreen Action, and Action Center on Race and the Economy today delivered more than 40,000 petition signatures to U.S. Treasury Secretary Janet Yellen demanding that an upcoming report highlight the gravity of climate threats to our financial system and identify concrete steps that financial regulators should take to address them.
October 14, 2021
Washington, DC -- Today, the White House—under the leadership of National Economic Council Director Brian Deese and National Climate Advisor Gina McCarthy—released a roadmap for a government-wide effort to identify and mitigate climate-related financial risk, as directed by President Biden’s May
October 8, 2021
Today, JPMorgan Chase announced a pledge to reach net-zero emissions from its lending and investment portfolios by 2050, and that it will join the Net Zero Banking Alliance (NZBA).