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Press Releases


COP 27: UN High-Level Expert Group Calls Fossil Fuel Expansion Incompatible with Net Zero

SHARM EL SHEIKH — Today, the UN High-Level Expert Group on the Net-Zero Emissions Commitments of Non-State Entities (HLEG) published new guidance on net zero for non-state actors, defining “what it…

Sierra Club Submits Supplemental Comments in Support of SEC's Climate Risk, ESG Disclosure Rules

WASHINGTON, DC — The Sierra Club’s Fossil-Free Finance campaign submitted supplemental comments in support of the Securities and Exchange Commission’s proposed climate risk disclosure rule and ESG…

Leaders or Laggards? Report Analyzes Net-Zero Pledges of US Banks

NEW YORK — Ahead of COP 27, a new report by the Sierra Club’s Fossil-Free Finance campaign analyzes the financial sector’s net-zero emissions pledges two years in the making, revealing that the…

Global Financial Alliance Must Ensure Credible Net-Zero Plans After Severing Ties with UN Campaign

NEW YORK — The Glasgow Financial Alliance for Net Zero (GFANZ) announced yesterday it would no longer require its members — including major financial sector net-zero alliances — to sign on to the…

Local Climate Advocates Respond to Missouri Treasurer’s Move to Cut Ties with BlackRock

JEFFERSON CITY – Today the Missouri state treasurer announced plans to cut ties with major asset manager BlackRock and withdraw approximately $500 million in state money from the firm due to its…

Report: Rio Grande Valley in Texas at Risk from LNG Export Terminals

BROWNSVILLE, TEXAS — Ahead of Rio Grande LNG’s push toward a final investment decision, the Sierra Club and Rainforest Action Network released a report on the risks to the Rio Grande Valley from two…

Advocacy Groups Urge Global Asset Managers to Align with UN Net-Zero Guidelines

WASHINGTON, DC — Today, the Sierra Club and a global coalition of 23 advocacy groups sent an open letter to the Net Zero Asset Managers Initiative (NZAM) urging the initiative to update expectations…

Local Climate Advocates Respond to Louisiana Treasurer’s Move to Cut Ties with BlackRock

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…

Federal Reserve’s Climate Pilot for Banks a Promising Start in Effort to Rein in Wall Street’s Risky Behavior

WASHINGTON, DC — Today the country’s most powerful financial regulator, the Federal Reserve, announced that six of the nation's largest banks will participate in a pilot climate scenario analysis…

Sierra Club Responds to Threats from US Banks to Leave Global Net-Zero Alliance

WASHINGTON, DC — Media outlets reported today that major US banks including JPMorgan Chase, Bank of America, and Morgan Stanley are threatening to leave the Glasgow Financial Alliance for Net Zero (…