April 22, 2020
As Bank of America faced shareholders today for its annual general meeting, the bank refused to rule out funding for drilling in the Arctic National Wildlife Refuge.
April 20, 2020
Today, multinational investment bank Citigroup released an updated energy policy that rules out financing for oil and gas exploration, development and production projects in the Arctic, including the Arctic National Wildlife Refuge.
April 19, 2020
This week, as major banks face shareholders for their annual general meetings, they will face pressure from shareholders and activists to commit to ruling out financing for any new drilling in the Arctic, including the Arctic National Wildlife Refuge.
April 15, 2020
Washington, DC — This Earth Day, activists will turn up the heat on Wall Street through mass online actions. Earth Day Live, the three-day online Earth Day celebration, will dedicate an entire day — Thursday, April 23 — to “Divest,” a day-long push to end the financing of climate destruction.
April 9, 2020
Last night, Reuters reported that banks including JPMorgan Chase, Wells Fargo, Bank of America, and Citigroup are planning to take direct ownership of failing oil and gas assets. The banks are reportedly awaiting regulatory waivers in order to move this plan forward. In response, Sierra Club campaign representative Ben Cushing released the following statement:
March 17, 2020
The latest version of the most comprehensive report on global banks’ fossil fuel financing, Banking on Climate Change 2020, was released today, revealing that 35 global banks have not only been sustaining but expanding the fossil fuel sector with more than $2.7 trillion in the four years since the Paris Climate Agreement.
March 11, 2020
As Senate Democrats prepare to host a hearing tomorrow on the “Economic and Financial Risks of Climate Change,” activists around the country are busy preparing for a major day of action to protest Wall Street’s ongoing financing of fossil fuels and deforestation.
March 1, 2020
Wells Fargo has released an update to its environmental policy ruling out funding for oil and gas projects in the Arctic region, including the Arctic National Wildlife Refuge
February 24, 2020
JPMorgan Chase, the largest bank in the United States, has announced an updated energy policy that rules out financing for new oil and gas drilling in the Arctic, including the Arctic National Wildlife Refuge. The policy also rules out financing for new thermal coal mines and coal-fired power projects worldwide, though the bank failed to put any restrictions on other oil and gas, including fracking and controversial tar sands projects.
February 21, 2020
This morning, Lloyds Bank, one of the largest banks in the UK, released an updated energy policy that rules out financing for oil and gas operations in Arctic National Wildlife Refuge.