Citi, Bank of America, JPMorgan Chase and Wells Fargo Leave Equator Principles
Announcement Puts Asset Manager's Poor Climate Practices in the Spotlight
Sierra Club analysis details the growing role of bond financing in propping up companies behind carbon bombs like the Willow Project, Mountain Valley Pipeline
NEW YORK — Today it was reported that JPMorgan Asset Management and State Street Global Advisors are departing from the Climate Action 100+ initiative, which comprises hundreds of institutional investors with tens of trillions of dollars under management that have committed to engage with major corporate polluters on climate disclosures and actions.
Fossil fuel financing restrictions contrast with lack of progress, backtracking from U.S. banks
Letter to major global financial firms follows dramatic change in U.S. policy on the LNG sector
World’s fourth biggest fossil fuel funder weakens exclusions for highly destructive, risky projects
Proposals filed at JPMorgan Chase, Morgan Stanley, Bank of America, Citigroup, Goldman Sachs, RBC
Analysis reveals pensions failing to protect beneficiaries from climate-related financial risk
Council recommends continued state, federal agency coordination on identifying and assessing risk