BATON ROUGE — Today the Louisiana state treasurer announced plans to cut ties with major asset manager BlackRock and withdraw nearly $800 million in state money from the firm due to its stated sustainability policies. The move puts Louisiana in a…
Fossil-Free Finance
Fossil-Free Finance
We're pushing major Wall Street companies to stop financing fossil fuel expansion and help accelerate the transition to a clean energy economy for all.
Everyone knows about the fossil fuel industry’s role in the climate crisis. But there’s another, lesser-known culprit: Wall Street. Join the growing movement telling Wall Street to move money out of dirty energy projects and scale up financing for clean energy instead. Sign the petition to tell America’s largest banks to stop funding fossil fuels!
Press Releases
Agency to launch climate scenario analysis exercise in early 2023
Media outlets reported today that major US banks are threatening to leave the Glasgow Financial Alliance for Net Zero (GFANZ) over concerns that updated criteria around financing of new fossil fuel projects may make the banks vulnerable to legal…
A global coalition of advocacy nonprofits including ShareAction, BankTrack, Reclaim Finance, and the Sierra Club have written to the UN Environment Programme Finance Initiative (UNEP-FI) and the Net Zero Banking Alliance (NZBA) steering committee,…
Today, Texas Comptroller Glenn Hegar announced a list of financial companies whose financing practices supposedly “boycott” energy companies. The list includes companies like BlackRock, who are major funders of fossil fuels.