WASHINGTON, DC — Treasury Secretary Janet Yellen told reporters in Bali on Saturday that the Financial Stability Oversight Council (FSOC) is "not really a direct tool to address climate change.” This directly contradicts earlier commitments made by…
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
Morgan Stanley, Goldman Sachs tout inclusion in Banking on Climate Chaos report in response to inquiries on fossil fuel financing
Today’s findings from the International Energy Agency’s latest energy investment report demonstrate how increasingly out of touch the financial industry is with the reality of what’s needed to achieve its own climate commitments.
70+ groups, nearly 15,000 Sierra Club members submit comments supporting federal agency’s draft rule requiring publicly traded companies to acknowledge greenhouse gas emissions, climate-related financial risks
The Race to Zero campaign’s new criteria are a major step forward, and makes clear that in order for the net-zero commitments at financial institutions to be credible, they must explicitly commit to phase out financing for new fossil fuels.