November 16, 2020
A new shareholder resolution filed by Trillium Asset Management raises concerns about Bank of America’s refusal to rule out financing for new drilling in the Arctic, including the Arctic National Wildlife Refuge.
November 9, 2020
TD Bank Group released a new climate action plan today, pledging to achieve net-zero greenhouse gas emissions from its operations and financing activities by 2050. The bank is the latest major financial institution to make such a commitment, following similar announcements by Morgan Stanley and Barclays.
October 6, 2020
JPMorgan Chase has reportedly pledged to work toward net-zero financed emissions by 2050. Chase is by far the world’s biggest banker of fossil fuels, pouring more than $268 billion into the fossil fuel industry from 2016 to 2019.
September 21, 2020
Today, Morgan Stanley announced a new commitment to reach net-zero financed emissions by 2050. Morgan Stanley is the first major American bank to set such a target, though the announcement did not include details on the bank’s plan to get there.
July 26, 2020
Multinational investment bank and financial services company Deutsche Bank released an updated energy policy today that rules out funding for new oil and gas drilling or exploration in the Arctic.
July 19, 2020
Today, Morgan Stanley announced it would become the first major American bank to track and report the greenhouse gas emissions from its loans and investments as part of the bank’s own contribution to climate change.
May 27, 2020
Today, BlackRock voted against the re-election of two directors at ExxonMobil and in favor of a shareholder motion that proposes splitting the role of chief executive and chairman. It also voted for a proposal requesting that Chevron report on how the company's direct and indirect lobbying align with the Paris Climate Agreement goals.
May 19, 2020
Today, at the bank’s virtual annual shareholder meeting, JPMorgan Chase, the world’s worst funder of climate change, faced multiple questions on climate change as well as pressure to remove climate change denier and former Exxon CEO Lee Raymond from its board. 49.6% of shareholders voted to require Chase to produce a plan to align its business with the goals of the Paris Agreement. And, in a strong rebuke to Jamie Dimon’s leadership, 41.7% voted to split the roles of board chair and CEO.
May 17, 2020
JPMorgan Chase is holding its annual general meeting tomorrow amid mounting pressure from a broad array of stakeholders to end its massive role in financing the climate crisis.
April 23, 2020
Today, multinational investment bank Morgan Stanley released an updated energy policy that rules out direct financing for oil and gas exploration and development in the Arctic, including the Arctic National Wildlife Refuge.